Simple Crowdfunding's Innovative Finance ISA

Invest Your ISA Money & Allowances Into Property

TRANSFER AN EXISTING ISA : You must be a registered investor to transfer your existing ISA to the Simple Crowdfunding ISA.  

What is the Innovative Finance ISA (IF ISA)?

The IF ISA is the third type of ISA*, alongside the existing Cash ISA and Stocks & Shares ISA.  Simple Crowdfunding offers IF ISA investments through our Debt (Peer to Peer Lending) projects that are covered by the tax-free wrapper.

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

Who can invest in an IF ISA?

Anyone who is resident in the UK for tax purposes and over the age of 18. 

What is the current ISA allowance?

For the tax year 2017-2018, the ISA allowance is £20,000.   

Can I Invest my existing ISA money and allowances into projects on this platform?

Yes. You can invest in our debt (loan) projects by transferring your existing ISA money and using your current annual allowance.   

How can I transfer to the Simple Crowdfunding ISA?

The transfer process is simple.  To transfer to the Simple Crowdfunding ISA, you have to firstly complete the registration process.  Once you have done this, the ISA Transfer Form is available to you through the account drop down menu.  There are simple step by step instructions that are available to guide you through the form.  Our team will request the transfer from your existing ISA provider.   

Can I hold more than one ISA?

Yes.  You can hold multiple ISA accounts just so long as you do not exceed your allowance for the year.  You can only open one IF ISA account in any one tax year.

When did Simple Crowdfunding receive authorisation?

Simple Crowdfunding is a trading name for Focus 2020.  Focus 2020 received ISA Management authorisation from the HMRC in December 2016. Our HMRC reference number is Z1910.  We can be found on the list of authorised ISA managers HERE. 

We are also registered with TISA (Tax Incentivised Savings Association), under the same company name and number. 

Can I transfer my Simple Crowdfunding ISA out to another provider?

Yes, you can transfer your Simple Crowdfunding Innovative Finance ISA to another provider. You can only transfer cash to another provider, so your investments must be closed and paid back before completing the transfer.   

Do I earn interest on cash that is held in my Simple Crowdfunding IF ISA?

We don't pay interest on cash deposits. You only earn interest from investing in our debt projects. 

What are the fees associated with an IF ISA account with Simple Crowdfunding?

Simple Crowdfunding charges a small management fee for non-invested funds.  This is likely to be in the region of 0.25% per quarter, payable after the first 6 months of opening an account with us.  

We also charge a £100 admin fee if the transfer-in payment is received by cheque from your current ISA Manager and when you wish to transfer out to another provider.

How can I get involved?

Please see the help pages of our site.  If you still have questions, then please CONTACT US.