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:
Open an account with as little as £20
Transparent fees – 1% of the amount invested
Lend to credit-assessed businesses at rates from 5.95% to 16.25%
Monthly repayments of interest and capital
*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. LendingCrowd and its products are not covered by the Financial Services Compensation Scheme.