The start of a new financial year is often a prompter to get one’s financial plans in order. If you’re thinking about where to invest your annual ISA allowance for 2021/22 are you considering all your options? There are several ISA options to choose from: Cash ISA, Stocks & Shares ISA, Lifetime ISA and Innovative Finance ISA (IFISA. Here are 5 reasons why it’s worth looking more closely at a FOLK2FOLK Innovative Finance ISA (IFISA):
Enjoy competitive returns
Our IFISAs offer an interest rate of 6.5% p.a. In an environment with persistently low interest rates and volatile stock markets, the ability to earn 6.5% p.a. tax-free with our IFISA is an attractive option for investors looking for income with the reassurance their capital is secured against tangible assets of land or property.
Receive tax-free monthly income from your ISA
Our IFISA is an ‘income ISA’ meaning you get your interest paid to you in monthly instalments, so you don’t have to wait to access your earnings.
Earn a fixed rate for the duration of your investment
Get our fantastic fixed rate of interest for the duration of your ISA investment.
Get a better return on your existing ISAs
If you have a cash or stocks and shares ISA earning not much, now’s a good time to get a better deal. Transferring to a FOLK2FOLK IFISA could make a big difference to your monthly finances.
Your capital investment is secured
With a FOLK2FOLK IFISA your capital is secured against land or property and we only lend up to a maximum of 60% of the open market value of the security property.
There is risk associated with all investments and when investing into any peer to peer or Marketplace loans your capital is at risk and not protected by the Financial Services Compensation Scheme. ISA rules apply.