With inflation soaring and stock markets struggling, investors are looking for smart places to put their cash. Aside from the more popular Cash ISAs and Stocks and Shares ISAs, Innovative Finance ISAs (IFISA) are gaining popularity. To help investors get the most out of their investments, we have teamed up with Good With Money, an investment journalistic platform, aiming to help you become good with money while doing good with money. Whether you’re brand new to investing or an experienced hand, our collaborated Good Guide to the Innovative Finance ISA aims to help you navigate IFISAs.
The guide spells out what IFISA is all about, how it differs from other types of ISAs and how it could be used to add some colour to your investment portfolio and aim for a competitive return. And like other types of ISAs, an IFISA is a tax-free* savings wrapper which falls under the annual ISA allowance of £20,000 per year. With a Lendwise IFISA, you are helping to tackle a number of the United Nations’ Sustainable Development Goals (SDGs), including quality education and gender equality, to address the biggest challenges humanity faces, while also aiming for attractive returns for investors.
*The tax treatment of interest and reliefs on defaults may be subject to change and tax treatment will depend on your individual circumstances.
Opening an ISA with Lendwise
New platform users – will have to follow the standard investor registration process and once we verify your identity, we will ask you to select the type of account you would like to open. You will have to choose ISA from the dropdown list. You will then be asked to provide us with your National Insurance Number, to electronically sign a declaration and, as a final step, confirm you have read and agree to Lendwise ISA Terms & Conditions.
Your account is now set up and ready to accept funds so that you can start investing.
Existing Classic Account Lenders will have to create a new account with Lendwise using a different email address to the one used during original registration and then follow the process described above for new platform users. This allows you to keep these two accounts separate.
Don't invest unless you are prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 minutes to learn more.
