5 ISA Mistakes Everyone Is Making (2023)

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I always see people making the same mistakes with ISA’s (individual savings accounts) Whether it is the basics like how many you can have, or the correct way to use them to build long term wealth. There always seems to be confusion. So in today's video we will get back to basics and iron out some of the most common mistakes i see people making with ISA’s
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Links from the video:
Cash ISA Rates: www.moneysupermarket.com/savi...
PSA info: www.moneysavingexpert.com/sav...
Vanguard article: www.vanguardinvestor.co.uk/ar...
The filthy beat at the end is this: • Digital Camel - Sad Life
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Vanguard:
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I hold funds with all these brokers and believe they offer both affordable investing and great value for money, I only include brokers in my description that provide ISA’s and are authorized and regulated by the FCA so are covered by the FSCS.
Some of the above links are affiliate schemes so that means you get something for signing up and so do i. In all examples I have stated if they are an Affiliate or not.
Timestamps:
00:00 - Intro
00:49 - Understanding an ISA
01:25 - More than 1 ISA
02:46 - Daily Upside Sponsor
03:42 - Being too cautious
06:23 - Family Allowance
08:39 - Don't take cash out.
DISCLAIMER: Some of these links may be affiliate links. If you purchase a product or service using one of these links, I will receive a small commission from the seller. There will be no additional charge for you.
DISCLAIMER: I am not a financial advisor and none of the content on this channel is financial advice. All information is provided for educational/entertainment purposes. If you are making investment or other financial decisions and require advice, please consult a suitably qualified licensed professional.

Опубликовано:

24 июн 2024

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Комментарии : 479

@DamienTalksMoney Год назад

Here is the link to The Daily Upside. bit.ly/3RP5vjU It is completely free to sign up and i love their newsletter! So much so I approached them and asked them to support the channel.

@buytolet-landlords Год назад

Subscribed. Ever heard of The Motley Fool?

@DamienTalksMoney Год назад

@@buytolet-landlords I know the fool very well mate! Some of the stock picks are a bit out there. but in the main they have some great content

@buytolet-landlords Год назад

Agreed, never used them for standalone investment advice as such, I like to get a broad understanding of how people feel. Or so I tell myself. I will then open up Reddit and FOMO my way into whatever the flavour of the day is.

@jamesc328 Год назад

@@DamienTalksMoney I remember signing up to the MF newsletter, but soon unsubscribed, just felt like it was more about selling their stock picks rather then good content news, which the Daily Upside do very well. I recommend Daily Upside to anyone interested in the stock market.

@andytaylor3443 Год назад

I’ll subscribe if cobweb got the tuna !

@dpspeedy Год назад

UK based financial commentators on RU-vid have really upped their game. Great job Damien, really impressed with your content….keep it coming.

@DamienTalksMoney Год назад

Thank you Darren! Love hearing you think the scene in the UK has moved forwards. i can list at least 5 UK finance channels that are really pushing the quality standards higher and higher.

@stevie3452 Год назад

#RIP money unshackled

@elka7823 Год назад

What so upped? They repeating same shit talking about isas and sp500 lmao recycling dead contenttheres only that muxh to talk about it which is 10 minutes nothing more but they manage to talk same shit every video and people listen

@DamienTalksMoney Год назад

@@stevie3452 I wonder what happened there.. They inspired me to start!

@jamesc328 Год назад

@@stevie3452 I wondered what happened and googled it a while back, and there UK Gov page came up with changes in June and theIR accounts. I was surprised how little they got, I think it was 70k pre tax. While it seems like a lot, for a channel that big and affiliate's etc, it did not seem that much.

@michaewelina7983 Год назад

I can see you are in great form again, this is one of the master class videos where you are able to explain crucial financial issues in very light and approachable way.👍👍

@DamienTalksMoney Год назад

Wonderful comment this! Thank you so much if i could sum up what I wanted to do with my channel it would be this. I just printed your comment off and have stuck it to my board on my desk as a reminder to keep it like this.

@mdapeebles Год назад

"reheeled by a different cobbler!" Oh my days...just CLASS.

@LaraJoannaJarvis Год назад

I signed up to the daily upside when you shared about them on here previously and it’s brilliant!! Bite-sized, digestible and easy to understand…oh and free! 👏🏼👏🏼

@Litzann Год назад

As someone who's starting to get a grip on finances as well as a better understanding around the topic, this channel is having a massive and a positive impact! Keep 'em coming!

@AlisonWonderland999 Год назад

the brilliant thing about this is that for once in my sweet life, I watched a list of 5 financial mistakes and realised I'm not making any of them. And you know why not? -- because I watch your channel! 🤩 I wish you and your advice had been around years ago, but at least I can start now. Better late than never... as the Chinese proverb goes: The best time to plant a tree was 20 years ago; the next best time is now.

@robertoc4271 Год назад

Massive Thank you for clarification on the use of multiple ISA's. This has been something that had worried me before.

@liammacaodha4783 Год назад

You're legend. It's so difficult to hit the RU-vid bullseye like you have. You deserve it.

@DamienTalksMoney Год назад

Thanks again Liam!

@A_friendwithoutbenefits Год назад

Biggest ISA mistake I ever made when I didn't know what I was doing: Moving my funds in one ISA to another ISA via my current account. NEVER move money from an ISA account to a non-ISA account in order to then move it into another ISA. Always transfer between ISAs. It may take a lot longer, but transfers ensures that amount stays protected in that tax wrapper and doesn't use up any of your ISA allowance. It may sound obvious to those of us who know, but you'd be surprised how many ISA account holders don't know this.

@OH2023-cj9if 7 месяцев назад

I did this in lockdown, my ISA dropped to 0.01% so I moved it to a 0.4% savings account, then after a year put it back in an ISA. Each year I have filled it again as after the 0.4% and rates went up, I put the rest in savings accounts. I got far more and have filled up the ISA again. I also bought premium bonds and use bonds and high interest savings accounts. I did get a tax bill from HMRC unfortunately, but after paying tax I still earn far more than an investment fund which loses money. I make a minimum guaranteed amount that compounds, my money is not at risk and I will not get back less than what I paid in. Many investors get caught out and lose money compared to ISA, bonds and savings accounts. None will admit it as they feel foolish.

@kxjx 3 месяца назад

Great video. I think its always worth saying on these intro videos what the year is and emphasise that you are talking about the current rules abd that they may have changed by the time anyone watches it

@henrikasdanielius9885 Год назад

Great video once again Damian👏, this should be shown in schools,part of curriculum, informative,entertaining ,easily digestible and straight to the point. Congratulations mate👍💪

@andrewfranklin302 Год назад

Darren sorry darned predictive text did for me with your name .

@tomasromero8481 6 месяцев назад

Thank you Damien. Shared this video with my daughters as well.

@gibboman Год назад

Absolute gold. Genuinely don't just watch for the humour but this was the funniest yet. Highlight of my week watching your videos 😄

@DamienTalksMoney Год назад

You legend Luke! Mate honestly love this comment thank you so much.

@rahsen1891 Год назад

Damo!! Man, it feels so amazing to see your video again. I am so sorry I wasn't myself for the last couple of months, but yeah, hope to do better. Love your work. ❤️

@DamienTalksMoney Год назад

My man!! Rahul so good to see you back i have honestly been thinking of you. I know you had a tough time, DM me if you ever need a chat

@stevie6340 Год назад

Always great advice. Wish I started investing sooner. Started an ISA for my daughter and hopefully she will take up the savings bug and advantages of long term compound interest I missed out on.

@DamienTalksMoney Год назад

What a gift to give your daughter mate. She is lucky to have you

@Clampers Год назад

That was your best video in terms of comedy, so much so, I had to watch it again to appreciate the content. You are so naturally funny Damo.

@markeh1971 3 месяца назад

Oh so funny, invest my money in my wife’s name. Now how did I go in my divorced, ah #ucked over. Take care M.

@bikeman123 Год назад

I saved into a junior s&s ISA for my daughter. Unfortunately when she finished her degree and started her masters, it worked against her applications for grants and she was forced to spend it on living expenses whilst continuing her studies. Unfortunately it was a pointless investment which had to be sold during a stock market fall.

@michaelusher11 Год назад

First time watcher. I think 2 points you could have emphasised is the APS, a lot of people don't even know it exists. Also in the section around taking money out, you could have mentioned that some ISAs are flexible. Great video though 😊

@minimad8793 Год назад

Firstly, No sneezing off cobweb, nice :) I have noticed the savings rates are shooting up at the moment so using the personal allowance as well as a cash isa if you so desire may be beneficial for some but not all. Personally, I am using the stocks and shares isa for long term happy times (hopefully). Glad to see your doing Ok Damo.

@tunmiseajai6376 Год назад

You are always on point 👉. Thanks for this useful information

@darrenjosephgregory Год назад

Another great video Damo, the last few minutes are spot on. I regret not starting earlier but I didn't earn enough or have the financial education needed earlier in my life. But there's no point spending time worrying about what I didn't do it's better to be late to the party than not at all! And my son should benefit from my mistakes, £50 per month goes in his S&S ISA which will either go toward his higher education or if not needed maybe transferred to a SIPP.

@DamienTalksMoney Год назад

Darren you have a great way of looking at this and ultimately you are investing for your future and your sons at the same time. www.forbes.com/sites/shaharziv/2020/12/07/bill-ackman-give-every-child-6750-so-they-retire-millionaires/ Have a read of that. The concept is simple stick 5k in the markets for a child at birth and they have 1 million quid by 60. What an amazing thing you are doing for your son if he goes the SIPP route. essentially securing his retirement

@jamesc328 Год назад

I think they should teach it in schools, especially the compounding time effect.

@fadeddave 9 месяцев назад

Your videos are sooo helpful!

@ChrisRossUK 3 месяца назад

Thoroughly enjoyed the video (and the shoe analogies) - thanks!

@pglove Год назад

Came to ask for the filthy beat at the end, found it in the description described exactly as I had thought it. Great or simple minds? Thanks for the content as always!

@lyndonharris5549 Год назад

This is the 1st time I've come across this channel and I don't comment very often on videos but felt I needed to one this one. I loved how honest and fresh you were and subsequently I have subscribed to watch more. Keep up the great work!

@DamienTalksMoney Год назад

Thank you Lyndon and welcome to the channel! Damo

@JordanTalksDeals Год назад

Another superb video Damo! Always good to go back to basics again every now and then - you’re the best at it! Also love the Howard Beale speech at the start, nearly 50 years since that speech and it’s starting to feel a little too close to home! Also laughed my ass off at the shower clip ‘if the boot fits’

@DamienTalksMoney Год назад

Mate that speech! I listened to it again for the clip and it is like he is talking about today! I will be making a video on this in the next few weeks using the clip as it was just mind blowing how similar it all is

@alanpalmer3879 Год назад

Great video again 👍 always full with great information and still has a fun side keep up the good work 👌

@DamienTalksMoney Год назад

Thank you Alan!

@louiem97 Год назад

Another great video, keep smashing it!

@horukulislam6155 Год назад

Have you improved making videos over the years? Damn Skippy you have. The sun came out as soon as I launched your video. Luv it. Keep them coming.

@mtb5778 8 месяцев назад

One of the huge benefits of self managed stocks and shares ISA's happened a few years (under Gordon Brown?) ago when the Govt stopped the tax with-holding rules on dividends. Dividends used to have 20% removed by companies before being paid (for tax). Now they enter ISA accounts gross. This was a massive boost to dividend income from a stocks and shares ISA and if reinvested enhanced the compounding effect.

@93ReeceyBoy 3 месяца назад

Brilliant Video, your ability to maintain interest while stay successfully conveying information is fantastic. Please keep up the good work Damien :)

@rogerq7369 Месяц назад

This is absolutely brilliant content. Going to find that one you mentioned you did on JISA, and subscribe to the daily upside Top job!

@scalleewagg9746 Год назад

Thanks again Dam! :D would be great if one day you can chat about SIPPs and other fin tools we have in the UK

@liammacaodha4783 Год назад

The cat's fur is so wholesome. Such a healthy 🐈!

@DamienTalksMoney Год назад

haha! Apart from a sneeze here and there he is the picture of health

@MrLasty12 9 месяцев назад

Another excellent video Damo!

@clloyd5399 Год назад

Thanks 👍 always enjoyable and informative watching these vids

@DamienTalksMoney Год назад

You are always welcome! Thank you

@jamesdarby86 Год назад

Another good video Damo - your videos have always been good! Relating to point 2 - is it worth having more than one Stocks and Share ISAs? I currently have one with Vanguard - paid in the last 2 financial years, I haven't used my ISA allowace this year. Is it worth making a second S&S ISA with another company and then alternating payments each year or should I focus on one ISA to maximise how much I can earn via compound interest? (Or maybe somewhere in the middle where I have a second ISA, pay in one year and then focus on my primary one?)

@DamienTalksMoney Год назад

I have more than one as then i am covered by multiple providers protection under the FSCS which is the 85k insurance So your point on compounding is a common one i see but let me explain it like this. It does not make a difference to the compounding effect for example. 10% of 10 = 1. 10% of 10 lots of 1 = 1 also. The percentage across your portfolio will still be much the same accounting for any fees of course. But yeah it does not matter if it is in one place or spread about the percentage increase will result in the same gain across your portfolio. I hope that makes sense?

@Brunty_Vegas Год назад

Excellent video as always my friend. Really stepping your game up. 👏🏻👏🏻👏🏻

@DamienTalksMoney Год назад

You would know! You have watched for so long. I will keep finding ways to improve the content for people like yourself.

@Rambo9700 Год назад

Man, your videos are just excellent. I wish you all the success in the world. 👍🏻

@DamienTalksMoney Год назад

Thank you so much! Love that this comment is from Rambo 🤣

@andrewfranklin302 Год назад

Thanks for the information Darren, nice video easy to understand for a complete novice like myself. I have just started to invest and am taking the better late than never approach.

@thedownwarddoug6642 11 месяцев назад

Bro. Videos are epic. Super impressed.

@01302 Год назад

Another great video, plus its a shoe in to be the funniest video I've seen this week.

@Life_Literacy Год назад

We’ll let you run with it fella 😂 Honestly this stuff needs to be taught at schools. I try and get my family/friends to open accounts but so much fear around losing money… “stocks go down as well as up, cash isa is the safest for your best egg”….. honestly they don’t even understand how pensions work and fact their all floated on stock market. I will continue to forward your videos in the hope some will listen.

@DamienTalksMoney Год назад

The 'cash isa nest egg' thing makes me want to cry mate. All it would take is some simple education to help people realise this logic is flawed.. At least you will be able to lead by example! The problem is by the time they realise it, it will be too late.

@sammclean23 Год назад

Keep doing what you're doing man. The end result is a 10 minute video but we appreciate the research, time and editing that goes into them. Not to mention the deeper understanding of finances we're gaining from these. I can't explain enough how refreshing it is to have someone speak with clarity without ramming 'here's how you can earn £1000 a month in dividends' down our necks at every opportunity. Cheers pal!!! 👊

@Techdadphd Год назад

Excellent video as always Damien. For S&S ISA accounts are any financial companies better than others?

@mysteries2solve Год назад

As always Informative and entertaining

@shireling6336 Год назад

Haha another great video, I will be sharing this to some friends... for some reason I get the feeling they don't believe what I say but when the information is presented like this, they will! Also I did always wonder if it was fine to keep old ISAs "running in the background" whilst, say the 6th April arrives, one can begin to invest in a different ISA provider. That has opened up some ideas for me long-term, cheers!

@DamienTalksMoney Год назад

Doesn't it feel like sometimes you know the key to long term financial success and your mates just think you are crazy! I run a youtube channel on the topic and people still think i am chatting rubbish when i say it to them directly...

@trainerbeast409 Год назад

Great video as always👍 Leave the trainer jokes to me 😂😂.

@DamienTalksMoney Год назад

Haha! i was just warming up the stage for you mate.

@davudfarzullayev7563 11 месяцев назад

Damien, mate - you have come such a long way in production of your videos since your first video you uploaded. We are all so proud of you and your content is getting more and more entertaining, informative, interesting and pleasurable to watch. Keep going, and thank you!!

@DamienTalksMoney 11 месяцев назад

You legend! Thanks for this and have a great week

@hamishadamson4628 3 месяца назад

With interest rates up and new isa rules on the way this needs revisiting soon. I've always been appalled at the low rates offered by cash ISA's and they're still shocking.

@omarzjakhtar Год назад

Another great, informative vid!

@bernardo.daSilva Год назад

Yes! Always a pleasure to watch Damien!

@DamienTalksMoney Год назад

Thank you mate as always

@IamGrimalkin Год назад

Great video, although do I think Cash ISAs can be useful for cash you don't want to invest yet but might in the future. That way, when you do invest it; you can transfer it straight to a S & S/IF ISA without using up your allowance. In my opinion, the ability to transfer to a S & S/IF ISA is a more important quality of cash ISAs than their tax-free nature.

@Josh95x Год назад

One thing to be careful with longer fixed savings accounts is when the interest is paid - monthly, annually or at maturity. If paid at maturity then only that year's personal savings allowance is taken into account for all of the interest received, meaning you are more likely to pay tax if the fix is longer than one year.

@susandodds8482 3 месяца назад

Yes that is true true savings accounts that are NOT ISAs. The interest earned in an ISA does not count towards your PSA.

@cameronpickard6829 Год назад

love the fact you videos cut out all the bull shit. Thanks Damien

@brownfox3180 Год назад

Knocking it out of the park once again Damien, fantastic stuff. And Cobweb is cute AF with his little tongue blobbing out!

@DamienTalksMoney Год назад

Haha his tongue Is so good! Guys got no teeth…

@timpeach4518 Год назад

Thanks Damien. Great advice as always.

@DamienTalksMoney Год назад

You are very welcome Tim!

@nikki_jp4216 Год назад

Damien spot on. I totally wasted time (and money) chasing after those yearly best rates in cash ISAs. They are also a pain...you have to think about moving them to a new ISA (through the transfer mechanism) to get a new rate... meanwhile stocks and shares just do tend to grow over time. Other thing is women not taking hold of their own finances. Get wise ladies: you are generally worse off in the divorce or breakup. I know of two recent family and friend stories here. It's heartbreaking. Listen to Damien!!

@DamienTalksMoney Год назад

Thank you for sharing this mate! very useful for people to hear your first hand experience of cash ISAs. The finance thing for women is SO important. It does not take much to just clue yourself up on basic finance and that ensures if a relationship does break down. One half is not left in a mess. When i worked in the debt industry we had so many people approach for help with the same story "my partner ran the finances since we split i have got into debt"

@liammacaodha4783 Год назад

I opened my first ISA because of you last October. Made 3000 off if Tesla's all time high of approx. $1200/share. Your great. I enjoy investing so much. I plan to put my money into property in the near future but I will go back to my ISA asap.

@DamienTalksMoney Год назад

Thank for watching Liam and let me know how the property goes.

@Dr.JubairsFinance Год назад

Too many ishoes with people and thier Tax ISAs. Thanks for another great video Damien!

@blah4306 Год назад

Damien I've only been investing into my S&S ISA for the last 2 years (I'm now 52) and also wish that I had started sooner, but when I try and tell young people to open one they look at me like I'm mentally unstable!!! Great vid by the way mate :)

@DamienTalksMoney Год назад

Isn't it ridiculous that young people think older generations are clueless... I remeber thinking i knew it all when i was younger.

@jumanahxb4087 Год назад

@@DamienTalksMoney I’m 18 and I’m wanting to open a s&s Isa and probably a Lifetime one next year - depending on how much I can save which one should i arguably put most money into ? I don’t know if I want to ever buy a house as I really want to be able to move around a lot

@pablob618 Год назад

Hi Damien, I like your videos and I would love to hear your opinion on Bonds. More specifically, Bonds with 2-3 years to maturity with a "decent interest" and whether it is possible to get them inside an ISA. Or would you get a short term ETF Bonds instead? Thanks

@Snorbuckle 3 месяца назад

Thank you for mentioning the importance of making sure any partner is also capable of managing money in a sensible way, I think the same applies to any skills that people bring to a relationship. You don't want to end up in a situation where a partner feels they may want to leave but can't because they depend on the other person for too much. Sometimes the best way to actually feel secure in a relationship is to feel like any person in the relationship has the tools to leave at any point but aren't choosing to do so.

@nialhutton Год назад

Another solid video from you! I’d love for you to make some content based around a Pension vs. a S&S ISA? Just food for thought!

@DamienTalksMoney Год назад

I will make this!

@nialhutton Год назад

@@DamienTalksMoney Lovely job. You’re just about the only content creator that makes any sense to me, so I can’t wait! Hopefully you explain tax relief etc as baby proof as possible…

@arwa3ntar Год назад

The first video you ever made was the tool to help me open a vanguard ISA

@giulianaraffa9391 Год назад

You are a classy classic! Thank you.

@mahinhannan595 Год назад

Hi Damien, can you do a video on sharia-complient finances as a broad overview and advicary peice? I have my ups and downs investing and using wrappers but would like to here your views and how you would tackle these issues

@FreakyDeeky69 3 месяца назад

Great job! I've had my eye on you over the last few months because I'm thinking of opening a shares isa. I was lucky enough to buy my house back in 2010 through my work in a share save. Since then, I've accumulated lots other stuff I was sucked into at times gold/silver/crypto. My work no longer does a share save scheme and feel I've been missing lots of action in these areas, so thank you for the education recently.

@garyhollywell2112 7 месяцев назад

The point is a good one depending on both Age and when you will need to access the cash!

@adamcunningham6746 Год назад

Hi Damo. Great video. Super useful to anyone who wanted to know about ISA accounts without being bored to death 🤣 Signed up to the Daily Upside and I've found it to be short, witty, informative and easy to incorporate into my morning with my coffee, thanks ☕😎👍

@DamienTalksMoney Год назад

Hahahah Mate you nailed that sponsor read at the end of the comment. Bravo

@ryanmason491 Год назад

This video touched me in my very sole.

@DamienTalksMoney Год назад

Hahah!!! I was trying to figure out a way to get sole in there.

@georgiakitson8493 Год назад

Love the content!!!

@waveyswanswann8107 Год назад

Top quality content as always 🎉

@DamienTalksMoney Год назад

Thank you as always!

@steelspawn1832 Год назад

nice one Damien, your videos has improved mate

@DamienTalksMoney Год назад

You would know! You have been here for a long while haha

@MrBillybob359 Год назад

Hi Damien, great video! I wanted to ask if you could potentially do a video on whether you should hedge ETFs against currency fluctuations? Like on Invest Engine for example, you'll see unhedged S&P500 funds which have only "crashed" by like 1% from January which makes no sense. And the hedged version of the S&P looks more like we hear about with the major dip. Just unsure why 2 different funds called S&P500 have drastically different charts. And which one you should invest in. Thanks!

@llamudos9809 9 месяцев назад

Great analogy!

@matthewlong5354 Год назад

Hi Damien, great content which has opened my eyes to so much of my financial woes. I'm on the verge of opening a Vanguard Stocks and shares account. I'm looking to invest in the S&P 500 UCITS ETF but as it stands at this time the performance % is in the minus figures. Is it worth starting to invest in the S&P even though it's probably a bad time. Do I start now or wait for this recession to ease? Any advice would be greatly appreciated. Keep posting!! :)

@adrianfell4161 Год назад

Re point 2, aiui you can only pay NEW MONEY into one ISA of each type each tax year, but you can do whatever transfers of existing ISA money you like (so in that respect technically you can "pay in" to more than one ISA of the same type in the same year, buy you can only pay new money into one of each type).

@lexlawthorrl3727 Год назад

People think the same about pensions, being an investment that is. With compounding, the years towards the end are worth a hell of a lot more than the years at the beginning

@BulletMagnetLive Год назад

Better advice than you'd get from paying most professionals in my humble opinion.

@user-nv3my8bh7d 10 месяцев назад

I have a stock and shares ISA in Freetrade, and they told me that I would have to keep paying the membership or sell my stocks and shares if I want to try another provider. You mentioned you kept your investments in freetreade, do you still pay for the membership or how did you do? thanks so much for your videos, they are great!!

@Buckers29 Год назад

So with an incoming recession which may even be a depression could you do a vid on best anti recession vanguard accounts?

@musheopeaus4125 Год назад

Excellent job as always - ( cobweb , not you that is 😂)

@Buckers29 Год назад

Great vid Damien 👍 I've got approx £9k in 212 ISA in TSLA, NIO, AMZ, APPL, LCID, PLTR (probably in that order) I'm at as of yesterday -1% I did a lot of DCA and dip buying to get it there. As we know the last 18 mths have been downwards. About £3k in Eth and a bit in SOL. Then a maxed out Premium Bonds acct, thinking moving half that into a lower risk Vanguard, but concerned that there going to be a big recession next year.

@DamienTalksMoney Год назад

You are doing very well considering overall market performance! I think you are in a great position with all the cash on the side lines to pounce on any big downturns in the market. You could always DCA that as well no need to slam it all in. Obviously not financial advice just my 2p on the matter.

@lynchs2441 Год назад

Great video about ISA, but at the end I have a feeling I need new shoes and I don't know why? :))) It's always better to think about future and possible split of money in relationship - life is not linear and with divorce rate between 40-50% you never know what can happen. Junior ISA - I started one for my child, it will be great tool to introduce her world of finance. I'm expecting that we do changes inside it together from age of 10+

@RajR96 Год назад

Nice video idea!

@TomFreer87 Год назад

Solid advice!

@rogerarnold6248 Год назад

Which Life time ISA would you recommend? From my understanding vanguard doesn't have one. and if you do open one does it have to be with the same company as you ISA?

@jroscoe3109 11 дней назад

Thanks for this! Am I right in thinking the rule about multiple ISAs has now changed? And that you can now pay into say a Vanguard stocks and shares and a trading 212 stocks and shares ISA?

@erenhassan8259 Год назад

Such a good video!

@maltesetony9030 Год назад

Another great video.

@DamienTalksMoney Год назад

Thank you!

@lewsmith4449 Год назад

As always… 10 mins well spent. Carol army for life ❤

@VishalGuiris Год назад

Hey Damien, keep up the good quality content, and yes I need to subscribe to daily upside lol. Would you continue investing throughout these difficult financial times in stocks and shares? I tend not to look at my portfolio much but still wonder how it is all going to play out and whether it is going to be worth it (been investing now for just over a year).

@DamienTalksMoney Год назад

I buy every month mate! Rain or shine. Takes the decision out of it then, just consistent investing

@hanjarake_taro 4 месяца назад

Japan has implemented a degraded copy of ISA this year, named NISA (Nippon ISA). The degraded part is that it comes with around 10k pounds total amount limit.

@mcmotors100 6 месяцев назад

Hi, I like your content and came across is old video. Something worth knowing, but I feel no one talks about is that an income from within ISA does not have to be included in household income for student finance - meaning that a son or daughter could get considerably more as a maintenance loan if all interest is within an ISA - the tax free £1000 bit would need to be declared otherwise. (2 parents, potentially £2k less household income).

@squadmeta Год назад

Time is a key factor, I hope people watch till the end for that gem. Buffett started at 11, food for thought if you've got kids.

@Shazmataz Год назад

Nicely wrapped Video!... Just like tying up your shoes...

@NS-pt9rr Год назад

Damien Mate, what's better Pension or Isa ? Imo isa is better as it's tax free and accessible at will with the pension only accessible at retirement or 50+, isa tax on way in , pensions you get screwed on way out.. what's your opinion ?

@simonrendell9834 Год назад

THANK YOU for explaining the paying in rules far better than most, but I think there's still a slight inaccuracy in what you said. I have a LISA which I paid into this FY, then transferred to a different provider... I'm pretty sure I can still pay into it now it's with a new provider right?

@DamienTalksMoney Год назад

Yeah so transfers move your allowance over with them. So that is one way to ‘get around’ the rule if required