An Innovative Finance ISA (IFISA) is the tax-free* way to lend to British businesses. Just like Cash ISAs and Stocks & Shares ISAs, you can lend up to £20,000 this tax year, and you won’t pay tax on your returns*.
It offers a target rate of 4.6%* a year and your lending is automatically diversified across a portfolio of credit-assessed small business loans.
At a glance:
Minimum deposit £1,000
Target rate of return: 4.6%* 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 4.6% 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.