CapitalRise is covering the fees for investors transferring their money to its Innovative Finance ISA (IFISA).
It is the latest platform making a pitch for ISA money as the end of the tax year approaches.
Many stocks and shares ISA providers such as investment platforms will charge users a fee to move their ISA money elsewhere.
CapitalRise has said it will cover any fees an investor’s current ISA provider may charge to transfer out, up to a value of £50, to make the process more simple.
Read more: IFISAs: The golden ticket
“If your ISA funds from previous tax years aren’t working as hard as you would like them to, you may want to think about transferring,” CapitalRise said in a blog on its website.
“Transferring your ISA to CapitalRise means you could earn potential fixed annual returns and you can transfer an unlimited amount of funds from previous tax years.
“Our IFISA investments offer a range of property backed opportunities, each with a fixed rate of return. The returns are not directly affected by volatility in the stock market like Stocks & Shares ISAs, or fluctuations in the Bank of England base rate like Cash ISAs providing a high level of visibility for future growth.
“Whilst investment performance isn’t covered by the Financial Services Compensation Scheme all CapitalRise investments benefit from a strong security package which includes a legal charge against a property asset and significant time buffers to help protect investor returns from potential project delays, such as those caused by the Covid-19 outbreak.”
Read more: Invest & Fund records record IFISA openings
A few IFISA providers and peer-to-peer lending platforms have made pitches for ISA money lately.
JustUs and Folk2Folk have both offered a home for Funding Circle IFISA investors and LandlordInvest reminded lenders earlier this month that they do not have much time to use their 2021/2022 ISA allowance.