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Innovative Finance ISA (IFISA)

Do you want an exciting new investment opportunity that is tax efficient with returns powered by our projects? Then join UOWN today.

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Capital at risk. Tax treatment depends on the individual circumstances of each client and may be subject to change.
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The smart way to invest your money.

Innovative Finance ISAs allow savvy investors to take advantage of the exciting opportunities peer to peer lending brings, whilst keeping investments tax efficient.

All made possible by the power of the crowd.

What is an Innovative Finance ISA?

Traditionally, the two most popular forms of ISAs have been cash ISAs and stocks & shares ISAs, but now there is a third one.

The innovative finance ISA (IFISA) is also known as the peer-to-peer ISA, and has the dual benefit of using the normal annual tax-free ISA allowance, whilst also taking advantage of the more lucrative peer-to-peer lending sector.

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Investing with UOWN

We match property developers wanting to fund a project – with a group of investors looking to get a better return on their money.

You can pay in up to £20,000 of your tax-free annual ISA allowance. The IFISA lends your money to borrowers. In return you receive an amount of interest.

Key benefits of IFISAs

Innovative Finance ISAs come with a range of exciting benefits, allowing those looking to build a financial nest egg do so efficiently without being restricted to traditional ISAs.

Transfer in or start from scratch

You can transfer your existing Cash or Stocks & Shares ISA into an IFISA, or you can start investing from a blank slate.

Invest up to £20,000 annually

Everyone has a £20,000 tax-free allowance that can be invested each year into all forms of ISAs. This doesn’t include the transfer of ISA funds, or the interest earned in previous years.

High potential returns from P2P

The returns with P2P ISAs are higher than with high street savings accounts because you are lending directly to borrowers. Unlike savings, P2P ISAs are not FSCS protected and your capital is at risk.

The new way to invest

Prior to the introduction of the IFISA, P2P income had to be declared to HMRC via self-assessment, and hence tax was paid on it. This has changed thanks to IFISAs.

Hold multiple ISA types

While you can only have one IFISA in a single tax year, you can pay into this alongside an existing Cash or Stocks & Shares ISA, up to the £20,000 allowance.

Top up now, invest later

Just because cash is contained within your IFISA doesn’t mean you have to invest it all at once. You can top up your account, in line with  your allowance, and invest later.

Why you should choose UOWN

If you open an Innovative Finance ISA you can enjoy the following benefits:

  • UOWN is an innovative crowdfunding platform and this perfectly fits the IFISA model.
  • We offer a quick and simple process to get your ISA up and running.
  • Invest in the same opportunities listed on the UOWN platform, but within a more efficient ISA tax wrapper.
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Innovative Finance ISAs FAQs.

Can I invest tax-free via an ISA (or IFISA)?
Can I transfer money in from another ISA provider?
What is the difference between a cash, stocks and shares and Innovative Finance ISA?
What happens if I go over my annual ISA allowance?