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Innovative Finance ISA information hub

How the ISA allowance works

Each tax year, the government sets the annual allowance for ISA subscriptions. For the current tax year, you can lend up to £20,000 within a LendingCrowd Innovative Finance ISA (IFISA)*. If you don’t use your ISA allowance during the current tax year, you can’t roll it over into the following tax year.

You can use your annual ISA allowance across more than one kind of ISA in each tax year. For example, as long as you don’t exceed your annual allowance, you could subscribe to a Cash ISA, a Stocks & Shares ISA, a Lifetime ISA and an IFISA in the same tax year. However, you can only contribute to one ISA in each category each year. This restriction only applies to new ISA funds. Provided your new ISA manager allows it, you can transfer ISAs opened in previous years. If you have any questions about your ISA subscription allowance, please call our ISA team on 0345 564 1600 or email investor@lendingcrowd.com

PLEASE NOTE: we have temporarily stopped taking new lender registrations and also new cash deposits from existing lenders on our platform. Find out more.

How withdrawals can affect your ISA allowance

It’s important to know that your ISA allowance can be affected by withdrawing money. We’ve designed our IFISAs to be flexible. This means you can add money after you’ve made a withdrawal without it contributing to your annual ISA allowance. For example, if you lent £20,000 in a LendingCrowd IFISA and withdrew £5,000, you’d be allowed to lend up to £5,000 in the same tax year. However, non-flexible ISAs don’t allow this. Replacing money that you’ve withdrawn counts towards your allowance. For example, if you invested £20,000 in a non-flexible ISA and withdrew £5,000, you wouldn’t be allowed to reinvest it in the same tax year.

*Tax treatment depends on the individual circumstances of each lender and may be subject to change in future. When lending to businesses, it’s important to remember that your capital is at risk. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

If you invest through LendingCrowd you should understand that your capital is at risk.

LendingCrowd is the trading name of Edinburgh Alternative Finance Limited, Company Number SC468392, authorised and regulated by the Financial Conduct Authority (Firm reference number 670991). LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

Read more about the risk involved when investing and borrowing.

The company's registered office is 23 Manor Place, Edinburgh, EH3 7DX.

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