OFF3R works with some of the first Innovative Finance ISA platforms in the UK. The table below provides a summary of some of the IFISA platforms and some of the best IFISA rates available. Please visit the compare IFISA section of the website for specific investment opportunities and supporting tools.
What is the Innovative Finance ISA?
The Innovative Finance ISA (IFISA) is a new type of tax efficient ISA wrapper for P2P lending products. The IFISA allows investors to lend through FCA-regulated Peer-to-Peer lending platforms without having to pay tax on interest earned.
5 Key Points on the IFISA:
- Tax-free interest and capital gains earned through the Peer-to-Peer lending market.
- Individual investment limits of £15,240 per tax year (2016/17) increasing to £20,000 (2017/18).
- Transfers between Stocks & Shares ISA, Cash ISA and Innovative Finance ISA are permitted (Note. Transfer fees may apply)
- Transfers of current loans outside of IFISA’s are not permitted.
- No fees charged to open an IFISA.
Compare Some of the Best Innovative Finance ISA Platforms and Rates Available:
|Platform Name||Invest in or Lend to||Projected Annualised Return* (Gross %)||Investment Term||Minimum Investment||Link to Platform|
|Abundance||Renewable Energy Projects||6% to 9%||Flexible||£5||Go to Site|
|CapitalRise||Property||10% to 14%||Flexible||£1000||Go to Site|
|Crowd2Fund||Revenue & Bond Products||8.7%||2 - 4 Years||£10||Go to Site|
|Crowd For Angels||Crowd Bonds||12%||2 - 5 Years||£100||Go to Site|
|Crowdstacker||Businesses||5.43% to 7%||1 - 3 Years||£500||Go to Site|
|Downing Crowd||Crowd Bonds||4% to 7%||1 - 2 Years||£100||Go to Site|
|LandlordInvest||Mortgages||Up to 12%||Flexible||£100||Go to Site|
|Landbay||Property||3.75%||2 - 5 Years||£5000||Go to Site|
|LendingCrowd||SMEs||6%||Flexible||£1000||Go to Site|
|Lending Works||Individuals||4% to 4.5%||3 - 5 Years||£10||Go to Site|
Risk Warning: Investing in or lending to early stage businesses involves a high level of risk, including illiquidity (inability to sell assets quickly or without substantial loss in value), lack of dividends, loss of capital and dilution risks and it should be done only as part of a diversified portfolio. Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. Your capital is at risk.
Projected Annualised Return figures have been provided by the partner platform and not by OFF3R. The Net figures provided take in to account fees and expected losses whilst the Gross figures do not take in to account platform fees or expected losses. We present an annualised figure regardless of term for comparison purposes only.