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Earn tax-free interest with our IFISA

The Innovative Finance ISA (IFISA) enables you to use your annual Individual Savings Account (ISA) allowance to earn tax-free interest from peer to peer lending.

  • Receive monthly tax-free interest of up to 4.5%-9% p.a. (depending upon available loans)
  • Invest your full 2019/20 ISA allowance of £20,000
  • Transfer your existing ISAs
  • Secured against UK property
  • No IFSA fees (secondary market fees apply if you wish to exit your loan investment early)

Lender & ISA Guide

Before investing in a peer to peer loan through FOLK2FOLK read our Lender & IFISA Guide and our Terms & Conditions.

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The FOLK2FOLK IFISA

AMOUNT

Your full annual ISA allowance for 2019/20 which is £20,000 or transfer existing ISA funds.

INTEREST RATE
  • From 4.5% – 9% p.a. paid monthly tax-free (subject to availability of suitable loans)
  • Your interest rate will be fixed and not change for the duration of the loan.
  • Interest earned on the IFISA is paid to your specified bank account monthly. This means interest cannot be accrued inside the IFISA so the investment amount at the end of the term will remain at £20,000.
IFISA TERM
  • From 1 to 5 years.
  • Dependent upon the term of the loan you invest into.
TRANSFERS

Existing ISA money that is transfered across to your FOLK2FOLK IFISA will need to be a minimum £20,000 and in multiples of £5,000.

The FOLK2FOLK IFISA
AMOUNT

Your full annual ISA allowance for 2019/20 which is £20,000 or transfer existing ISA funds.

INTEREST RATE
  • From 4.5% – 9% p.a. paid monthly tax-free (subject to availability of suitable loans)
  • Your interest rate will be fixed and not change for the duration of the loan.
  • Interest earned on the IFISA is paid to your specified bank account monthly. This means interest cannot be accrued inside the IFISA so the investment amount at the end of the term will remain at £20,000.
IFISA TERM
  • From 1 to 5 years.
  • Dependent upon the term of the loan you invest into.
TRANSFERS

Existing ISA money that is transfered across to your FOLK2FOLK IFISA will need to be a minimum £20,000 and in multiples of £5,000.

What you should know about IFISA

The IFISA acts as a ‘wrapper’ around your FOLK2FOLK loan investment so that the interest arising is tax-free. You can choose whether to lend inside or outside of the IFISA tax wrapper (or both) but there is a limit to how much new ISA money you can lend within the IFISA each year.

Before you can benefit from our IFISA you must first register as a FOLK2FOLK Lender and ensure you familiarise yourself with secured lending.

The risks of IFISA

IFISAs are not the same as cash ISAs. The risk of investing through a peer to peer platform is higher. Read more.

The IFISA timeline

How long does it take to begin earning tax-free? read more.

How to access your IFISA investment money

What are your options and how to retain your tax-free status.
Read more

FAQs

For other frequently asked questions, click here to read more.

Are you eligible?

  • You are registered as a FOLK2FOLK Lender
  • You are resident in the UK and tax resident
  • You have not funded any other ISA type investments this current tax year (only applicable if you’re funding the IFISA with new money)
  • You are 18 years old or over