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*.
At a glance:
Open an account with as little as £20
Transparent fees – 1% of the amount lent
Lend to credit-assessed businesses at rates from 5.95% to 14.25%
Monthly repayments of interest and capital
*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.