What is the Innovate Finance ISA (IF-ISA)?
The IF-ISA is a new category of ISA (Individual Savings Account) which launched in 2016.
It joins the more well known Cash and Stocks & Shares ISAs, enabling you to invest your money into crowdfunded debt securities and earn tax free* returns. Crowd for Angels has specially designed its innovative "Crowd Bonds" for this purpose.
How to use an IF-ISA
Our IF-ISA enables investors to select and lend money on secured terms directly to UK companies seeking funds to expand, diversify or develop their businesses. In this way companies are able to access the funds they need while investors have the potential to earn higher rates of interest than they could on bank deposits or Cash ISAs (while taking on an extra degree of risk) all without paying tax.
You can invest part or all of your ISA allowance into an IF-ISA each year. You can also transfer in any existing ISA funds from previous years.