Better returns than cash, simpler than stocks & shares
The Innovative Finance ISA (IF ISA) is a new category of ISA, that sits somewhere between the traditional Cash ISA and Stocks & Shares ISA. It makes it possible to invest through peer-to-peer platforms such as RateSetter, tax-free.
You can use your full £20,000 ISA allowance in our Innovative Finance ISA. Alternatively, you can split your investment between each type of ISA providing you stay within the overall £20,000 limit. Make sense? We think so. So far, over £150 million has already been invested through our IF ISA.
Please note that tax treatment depends on individual circumstances and may be subject to change in the future.