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LendingCrowd Income IFISACreate your peer-to-peer lending portfolio in one click. Tax free. Earn a target rate of 4.2%.
Capital at risk. No FSCS protection.*
PLEASE NOTE: during the Covid-19 pandemic, we expect loan activity to be significantly reduced on our platform
There are loans currently available on our Loan Market to help build your diversified portfolio.
At a glance:
Minimum deposit £1,000
Target rate of return: 4.2%* a year
No fixed term – you can make full or partial withdrawals
Build your own portfolio with one click
*When lending to businesses, it’s important to remember that your capital is at risk. The 4.2% target rate is variable, net of ongoing repayment fees, estimated bad debt and before the 1% capital withdrawal fee. Tax treatment depends on the individual circumstances of each lender and may be subject to change in future. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.
Lend from £1,000 up to £20,000 in the current tax year
No income or capital gains tax to pay on your returns
Fully automated platform working for you
Transfer in your other ISAs quickly and easily
Transfer an ISA
Transfer existing Cash ISAs, Stocks & Shares ISAs and Innovative Finance ISAs to LendingCrowd.
Transfer an ISAThe LendingCrowd Income IFISA allows you to earn tax-free returns* on your peer-to-peer loans. You decide how much to lend, from a minimum of £1,000 up to £20,000 this tax year. We’ll automatically diversify your funds across the loans available on our Loan Market – sit back and let our platform do the hard work for you. Your interest payments will be transferred to a separate account so you can withdraw them, while your capital repayments will be automatically lent out. If your portfolio value is between £1,000 and £1,999, no more than 2% of your funds will be lent to any one business. This maximum target exposure reduces to 1% for portfolios of between £2,000 and £4,999, and to 0.5% for portfolios of £5,000 and above.
The longer you hold the Income IFISA, the more diverse your portfolio will become, as your capital repayments will automatically be used to purchase new loan parts on your behalf. Remember that diversification is key to mitigating risk.
We also allow you to transfer in your other ISA accounts. This means you can lend even more with the Income IFISA without losing any tax benefits*.
*When lending to businesses, it’s important to remember that your capital is at risk. Tax treatment depends on the individual circumstances of each lender and may be subject to change in future. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.
You can cash in all or part of your Income IFISA balance, but you must maintain an account value of at least £1,000 for the platform to continue lending on your behalf. If you want to withdraw your funds, you can sell loan holdings on our Loan Market. There’s a withdrawal fee of 1% of the capital withdrawn. The time taken to access your funds depends on how quickly your holdings are sold. The ability to sell depends on other lenders buying your loans.
Open a LendingCrowd Income IFISA
Complete a quick investor classification and appropriateness assessment to open your account – this is a requirement of P2P lending
Add funds to your account
You must pay in at least £1,000 to start lending to businesses and you can add to this at any time
Watch your loan portfolio grow
Keep up to date with your loan holdings and returns on your account page
Transfer an ISA
Transfer existing Cash ISAs, Stocks & Shares ISAs and Innovative Finance ISAs to LendingCrowd.
Transfer an ISA
When lending to businesses, it’s important to remember that your capital is at risk. Find out more at our Risk matters page. Borrowers need to be mindful that defaulting might lead to the debt being passed to an agency for collection. 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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