Invest In Property Without Paying Any Taxes On The Interest That You Earn

About the Innovative Finance ISA (IF ISA)

WHAT IS THE IF ISA?

The Innovative Finance ISA is a type of Individual Savings Account (ISA*), sitting alongside Cash ISAs, Stocks & Shares ISAs and Lifetime ISAs.

*An ISA is a ‘wrapper’ that allows you to invest without paying income tax or capital gains tax on any interest or profits that you earn.

THE SIMPLE CROWDFUNDING IF ISA

The Simple Crowdfunding IF ISA gives you the opportunity to hold investments in Peer to Peer Lending projects offered on our platform, allowing for tax-free returns on the interest that you earn.

You can transfer your existing ISA or start a new one with Simple Crowdfunding. Use your annual ISA allowance to invest into property projects, receiving average returns of 11% pa (pro-rata) tax free, secured on property. Look for the 'IF ISA Eligible' banner on projects on our home page.

ALLOWANCE AND CRITERIA

For the tax year 2024-2025 the ISA allowance is £20,000, subject to a maximum of £4,000 into a Lifetime ISA.

Anyone who is resident in the UK for tax purposes and over the age of 18 can open an account with us.

It should be noted that the IF ISA is not the same as the Cash ISA and is not protected by the FSCS guarantee. Further details can be found in our Innovative Finance ISA FAQs.

If you still have questions, then please Contact the team.

Opening an account is free and simple

CREATE A NEW IF ISA ACCOUNT

For new investors, you will need to Register first. This will take a few minutes.

If you are already a Simple Crowdfunding registered investor, it is easy to set up your IF ISA account with us. You need to provide your National Insurance Number and transfer £10 into your new IF ISA account.

You can also invest directly into IF ISA applicable projects that are ‘Open For Investment’. Click on the project that you are interested in and then click ‘Invest Using ISA’ and follow the online instructions.

TRANSFER AN EXISTING ISA

The transfer process is simple. To transfer an existing ISA, you need to be Logged In. You can access the transfer screens from your portfolio (ISA Investments Tab) or through the drop down menu clicking on the below:

• Go to 'My Account' (top right hand of the screen)
• Click on 'IF ISA'
• Click on 'New Transfer'

Follow the simple step by step instructions that guide you through the form. You will need to provide your National Insurance Number (and existing ISA manager details if you are transferring an account).

Our team will request the transfer from your existing ISA provider as soon as the request is completed and keep you informed of progress.

START GROWING YOUR IF ISA INVESTMENT PORTFOLIO

Invest in Peer to Peer Lending projects of your choice and receive tax-free returns on your investments. You decide which projects you would like to be involved with. Once invested, a summary of your IF ISA and other investments are shown in your personal dashboard.