IFISA Guide
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.
| IFISAs currently available | Type of loans | Minimum investment | Target rate of return |
| Proplend | Property finance | £1,000 | Up to 12 per cent |
| FundingSecure | Property and other asset-backed loans | £25 | Up to 16 per cent |
| HNW Lending | Valuable assets | £5,000 | Up to 15 per cent |
| CapitalRise | Property finance | £1,000 | Up to 14 per cent |
| CrowdforAngels | Crowd bonds | £100 | Up to 12 per cent |
| LandlordInvest | Property finance | Depends on loans funded | Up to 12 per cent |
| UK Bond Network | Company bonds | £5,000 | Up to 12 per cent |
| PropertyCrowd | Property finance | £5,000 | Up to 10 per cent |
| Crowd2Fund | Business loans | £100 | 8.7 per cent |
| Money&Co | Business loans | £100 | 7 per cent |
| Crowdstacker | Asset-backed business loans | Depends on loans funded | Up to 6.8 per cent |
| Basset & Gold | Asset-backed loans | £1,000 | 6.12 per cent for one year and 6.7 per cent and 20.1 per cent for three years |
| Lending Crowd | Business loans | £1,000 | 6 per cent |
| Downing | Crowd bonds | £100 | 5.79 per cent |
| Lending Works | Personal loans | £10 | 3.8 per cent for three years and 4.5 per cent for five years |
| Landbay | Property finance | £5,000 | 3.75 per cent |
| Abundance | Energy-related projects | Depends on project funded | Depends on projects backed (2 per cent on cash) |
| Lendahand Ethex – Energise Africa IFISA | Solar projects in Sub-Saharan Africa | £50 | 4-6 per cent |
