Top
What is the Innovative Finance ISA (IFISA)?
The IFISA is a tax-free wrapper that allows UK investors to lend money through Financial Conduct Authority-authorised peer-to-peer lending platforms. They can receive interest and capital gains tax free, up to the current annual ISA limit of £20,000.
The product was first announced by then-Chancellor George Osborne in 2015. Consumers can invest in a cash ISA, a stocks and shares ISA or an IFISA, or a combination of the three.
| IFISA provider | Type of loans | Minimum investment | Target rate of return |
| Ablrate | Business | £100 | 10-15 per cent |
| Abundance | Green energy | Depends on project funded | Depends on projects backed (2 per cent on cash) |
| ArchOver | Business | £1,000 | Up to 10 per cent |
| Assetz Capital | Business, property | £1 | 4.1-6.25 per cent on auto-invest accounts, variable with manual lending |
| Azurite | Monaco property renovations | £2,000 | 8 per cent |
| Barbican Group | Three-year bond funding specialist care homes | £2,000 | Up to 7 per cent |
| Basset & Gold | Asset-backed | £1,000 | 6.12 per cent for one year and 6.7 per cent and 20.1 per cent for three years |
| CapitalRise | Prime property | £1,000 | Up to 14 per cent |
| Crowd2Fund | Business | £100 | 8.7 per cent |
| CrowdforAngels | Crowd bonds | £100 | Up to 12 per cent |
| CrowdProperty | Property | £500 | Up to 8 per cent |
| Crowdstacker | Secured business | Depends on loans funded | Up to 6.8 per cent |
| Downing | Crowd bonds | £100 | 5.79 per cent |
| EasyMoney | Property-backed | £100 | Up to 7.28 per cent |
| Folk2Folk | Local and rural businesses | £20,000 | 6.5 per cent |
| Funding Circle | Business | £1,000 | 5-7 per cent |
| FundingSecure | Property, asset-backed | £25 | Up to 16 per cent |
| Goji | Diversified lending bond | £1,000 | 5 per cent |
| Growth Street | Business | £10 | 5.8 per cent |
| HNW Lending | Secured by valuable assets | £5,000 | Up to 15 per cent |
| Just ISA | Litigation funding | £2,000 | 8 per cent |
| Kuflink | Property | £100 | Up to 7.2 per cent |
| Landbay | Buy-to-let | £5,000 | 3.75 per cent |
| LandlordInvest | Buy-to-let and bridging | Depends on loans funded | Up to 12 per cent |
| Lendahand Ethex – Energise Africa | Solar projects in Sub-Saharan Africa | £50 | Up to 6 per cent |
| LendingCrowd | Business | £1,000 | 6 per cent |
| Lending Works | Consumer | £10 | 3.8 per cent for three years and 4.5 per cent for five years |
| Loanpad | Property | £10 | 4 to 5 per cent |
| Money&Co | Business | £100 | 7 per cent |
| MoneyThing | Business | £1,000 | Up to 13 per cent |
| Octopus Choice | Property-backed | £10 | 4 per cent |
| Property Crowd | Property | £5,000 | Up to 10 per cent |
| Property Partner | Property development loans | Depends on loans funded | Up to 10 per cent |
| Proplend | Property | £1,000 | Up to 12 per cent |
| RateSetter | Consumer, business, property | £10 | Up to 5.1 per cent but depends on market rates |
| Raptor | Mining projects | £2,000 | 8 per cent |
| Rebuildingsociety | Business | £10 | 9.7 per cent |
| Relendex | Property | £500 for self-select, £2,500 for secured portfolio | Up to 10 per cent |
| Shojin Property Partners | Property | Typically £5,000 | Depends on product |
| The House Crowd | Property | £1,000 | 7 per cent |
| UK Bond Network | Company bonds | £5,000 | Up to 12 per cent |
| Welendus | Short-term loans | £100 | Up to 15 per cent |
| Zopa | Consumer | £1,000 | 4 per cent or 4.6 per cent |
