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What is the Innovative Finance ISA?

  • The Innovative Finance ISA allows individual investors to earn tax-free returns on their peer-to-peer lending investments.

  • For the 2017/18 tax year, investors will be able to subscribe up to £20,000 within a Funding Circle ISA, in addition to transfers of any existing Cash or Stocks & Shares ISAs from previous tax years. Lending will still operate in the same way, however any interest earned from loans held within an ISA account will not be subject to UK income tax.

  • Please note however that this tax treatment may change in future, and for advice on your own tax position please contact HMRC or an independent financial advisor.

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