Innovate Finance ISA (IFISA)

Earn tax free returns within your ISA wrapper

ISA

Earn Tax Free Income

Complete the online registration process, self categorise your investor type & take the appropriateness test. Then subscribe or transfer your existing ISA in.

Choose whether to invest automatically via Always On or manually via Self Select. Then decide on your level of risk & the maximum amount you want to invest in each loan. Our Client Money Account is held with Barclays Bank.

Manage & monitor your account & loan investments via you simple & secure Lender Dashboard. Reinvest income or withdraw it monthly. 

Earn Tax Free Income

Proplend ISA

Invest in the same loans and earn the same interest rates with the benefit of a tax free wrapper

Flexible ISA

Ability to withdraw and replace monies within the same tax year in order to retain their tax privileged status.

Subscribe or Transfer

Fund your account using your annual ISA allowance (£20,000) or Transfer in your ISA pots from existing Cash or Stocks & Shares ISA's.

AutoLend

Activate either Always On for hands off investors or invest via Self Select for hands on investors
REWARDRISK

3 Risk-Return Profiles

Invest across three LTV based Risk tranches to match your risk profile and return requirements

Transparent Fees

Lenders are charged a fee of 10% from the Gross Interest they receive and a 0.5% fee for secondary market sales.

How to Fund your ISA

You can invest some or all of your annual ISA subscription allowance in peer to peer loans via an Innovative Finance ISA

Same loans, same interest rates but interest is earned tax free

Your £20,000 limit for the current tax year can be invested across the different ISA types but you can only ‘subscribe’ to one of each type, each tax year

Therefore you can only subscribe to one IFISA per tax year

You can also transfer funds from and to your Classic account.

You can fund your IFISA by transferring in cash held within previous years Cash and or Stocks and Shares ISA's from other ISA providers

You can also transfer in cash held within current years Cash, Stocks and Shares and IFISA ISA's.

BUT, if you transfer from one IFISA provider to another IFISA provider in the same tax year, you must transfer your full subscription in that year.

To transfer and ISA to Proplend from another provider:

  • create your ISA account with Proplend
  • complete and sign the Transfer In form
  • Proplend then contacts your existing ISA provider and initiates the Transfer
  • depending on the provider this can take from 2-15 days
  • all transfers must be Cash Transfers
JOIN OUR COMMUNITY

Over 70% of all funds lent on the Proplend platform sit within a tax free wrapper.

Proplend Flexible ISA

Proplend operates a Flexible ISA

Flexible ISA’s allow investors to withdraw funds from their ISA and then replace them by the end of the same tax year to retain their tax privilege status.

Flexibility applies to both current and previous years ISA funds.

Any funds not replaced will be treated as a permanent withdrawal and lose any ISA status.

Over 70% of all funds lent on the Proplend platform sit within a tax free wrapper.

Open an ISA Account