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An Innovative Finance ISA (IFISA) is the new way to invest tax free* in peer-to-peer lending. Just like Cash ISAs and Stocks & Shares ISAs, you can invest up to £20,000 this tax year, and you won’t pay tax on your returns*.

At a glance:

Minimum investment £1,000

Target rate of return: 6%* a year

No fixed term — full or partial withdrawals* at any time

Build your own portfolio with one click

*As an investor, it's important to remember you're lending to businesses so your capital is at risk. Tax treatment depends on the individual circumstances of each investor and may be subject to change in future. The 6% target rate is variable, net of ongoing management fees, estimated bad debt and before the 1% withdrawal fee. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

Returns

We designed the LendingCrowd Growth ISA to make peer-to-peer investing simple by building a diverse loan portfolio for you. The longer you hold the account, the more diverse your portfolio will become, as the account invests in new loans on your behalf.

The majority of our Growth Account investors have portfolios of more than 100 loans after four months. Remember that diversification is key to mitigating risk.

By taking this diversified and balanced approach, investors in the Growth Account have achieved an average return of 8.5% before tax – higher than the target rate of 6% – as shown in the chart below. This shows the annualised return for all current LendingCrowd Growth Accounts that have been open for at least three months.

This return, which does not include promotions, is calculated after all fees and bad debts have been deducted. Find out how we calculate returns.

Please remember that your capital is at risk when lending to businesses, and past performance is not a guide to future performance. Your returns may be higher or lower than those shown here.

Benefits of the LendingCrowd Growth ISA

Invest from £1,000 up to £20,000 in the current tax year

No income or capital gains tax to pay on your returns

Target rate of return of 6%* a year

Transfer in your other ISAs quickly and easily

Create your LendingCrowd Growth ISA

Open an ISA

Invest up to £20,000 ISA allowance with LendingCrowd and earn a 6%* target return on your investment.

Open an ISA

Transfer an ISA

Transfer existing Cash ISAs, Stocks & Shares ISAs and Innovative Finance ISAs to LendingCrowd.

Transfer an ISA

How it works

The LendingCrowd Growth ISA allows you to invest in peer-to-peer lending without having to pay tax* on your returns. You decide how much to invest — from a minimum of £1,000 up to £20,000 in the 2017/18 tax year. We’ll automatically diversify your funds across at least 20 loans through our Loan Market, with no more than 5% of your funds invested in any one loan. All repayments will be automatically reinvested.

We also allow you to transfer in your other ISA accounts. This means you can invest even more in the LendingCrowd Growth ISA without losing any tax benefits.

If you invest through LendingCrowd you should understand that as a lender, your capital is at risk. The 6% target rate is variable, net of ongoing management fees, estimated bad debt and before the 1% withdrawal fee. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.

*Tax treatment depends on the individual circumstances of each investor and may be subject to change in future.

Accessing your money

The LendingCrowd Growth ISA is for peer-to-peer investors who are looking to invest quickly and simply. You can cash in all or part of your ISA at any time, but you must have at least £1,000 invested to meet your target rate of return and continue reinvesting in loans.

If you want to withdraw your funds, you can sell investments on our Loan Market. There’s a 1% fee for all withdrawals. The time taken to access your funds depends on how quickly your holdings are sold. The ability to sell your investments depends on other investors buying your loans.

It's easy to get started

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Open a LendingCrowd Growth ISA

It’s fast and simple to do online


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Add funds to your account

You must pay in at least £1,000 to start investing in loans and you can add to this at any time


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Watch your investment grow

Keep up to date with your account activity on your Account page


Create your LendingCrowd Growth ISA

Open an ISA

Invest up to £20,000 ISA allowance with LendingCrowd and earn a 6%* target return on your investment.

Open an ISA

Transfer an ISA

Transfer existing Cash ISAs, Stocks & Shares ISAs and Innovative Finance ISAs to LendingCrowd.

Transfer an ISA

Featured in

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As an investor, it’s important to remember you’re lending to businesses so your capital is at risk. Tax treatment depends on the individual circumstances of each investor and may be subject to change in future. The 6% target rate is variable, net of ongoing management fees, estimated bad debt and before the 1% withdrawal fee. 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.

LendingCrowd is a credit broker and not a lender.

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

Copyright © LendingCrowd 2017. All rights reserved.

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