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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:

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.

Returns

With our Self Select ISA, it’s up to you to choose the businesses you lend money to. Please remember your capital is at risk, so it’s important that you diversify by lending to many businesses. Remember that diversification is key to mitigating risk.

The chart below shows the distribution of investor returns from Self Select accounts. It includes accounts that are at least three months old, with a maximum exposure to one loan of no more than 5%. You’ll notice that returns are more variable than the Growth ISA. Self Select is a higher-risk investment choice. To maximise your returns, you need to diversify your investments and continuously reinvest your monthly repayments of capital and interest.

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 Self Select ISA

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

No income or capital gains tax to pay on your returns

Average returns are currently 8%*

Transfer in your other ISAs quickly and easily

Create your LendingCrowd Self Select ISA

Open an ISA

Invest up to £20,000 ISA allowance with LendingCrowd by investing in the Loan Market.

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 Self Select 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 £20 up to £20,000 in the 2017/18 tax year. 

With a Self Select ISA you choose how to invest your money on the Loan Market. There are two types of loan you can invest in:

  • New loans — bid in an online auction where you decide how much you would like to lend to each borrower, and at what interest rate. You can invest from as little as £20 and bid at rates starting from 5.95%*.

 

  • Existing loans — you can buy loans from other investors on our Loan Market. There is no bidding involved and you can invest instantly.

 

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

As an investor, it’s important to remember you’re lending to businesses so your capital is at risk. 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.

*Investors can lend at rates between 5.95% and 16.25% based on LendingCrowd’s Credit Bands. Interest rates are guided by the credit grading allocated to each loan. Higher-risk investments may yield greater returns but can also lead to lower returns if the business can’t fully repay its debts. This is known as bad debt. Find out more at our Risk matters page.

Accessing your money

Your peer-to-peer investment with LendingCrowd is fully flexible.

You can cash in all or part of your Self Select ISA account balance at any time by selling your investments on our Loan Market. There’s a 0.5% fee for selling your loan parts. 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 Self Select ISA

It’s fast and simple to do online


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Add funds to your account

You can open an account with £20 and add to it at any time


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Choose your investments

Invest in new or existing loans on the Loan Market


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Watch your investment grow

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


Create your LendingCrowd Self Select ISA

Open an ISA

Invest up to £20,000 ISA allowance with LendingCrowd by investing in the Loan Market.

Open an ISA

Transfer an ISA

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

Transfer an ISA

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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. 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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