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Grow your nest egg from 8.75% p.a. tax-free with our IFISA

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

  • Receive monthly tax-free interest from 8.75% p.a.
  • Minimum investment is £20,000
  • Transfer your existing ISAs - it's simple
  • Secured against UK land / property
  • No IFSA fees

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 Investor and ensure you familiarise yourself with secured lending.

The risks of IFISA

Investing via an IFISA attracts the same level of risk as investing in P2P loans without an IFISA wrapper.

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

P2P platforms are not covered by the Financial Services Compensation Scheme (FSCS) which comes into effect if banks, building societies or credit unions fail, restoring up to to £85,000 per eligible person. However, regulation by the Financial Conduct Authority (FCA) ensures that P2P platforms have Wind Down Service Providers in place to continue to manage the business and administer the loans in the event the platform fails. Under this scenario the investments should continue to perform as they would if FOLK2FOLK were still operating.

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 Investor
  • 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

Lender & ISA Guide

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