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What is an Innovative Finance ISA?

The IFISA was introduced by the UK government in April 2016 in recognition of the growing popularity and size of the peer-to-peer lending and crowdfunding market – a major part of the broader alternative finance sector.

The IFISA increases the variety of investment opportunities available under the tax-free ISA wrapper and sits alongside the other existing types of ISA available: cash ISA, stocks and shares ISA and Lifetime ISA.

 

Tax free investment

The interest earned on ISA investments is free from income tax and capital gains liabilities, and the personal ISA allowance for 2018/19 is £20,000.

 

This means you can invest up to this total amount in any one or combination of the ISA types available over the course of the tax year. You can also transfer your existing ISA, either partially or in its entirety, to a different provider in order to achieve higher rates of return while maintaining the tax-free benefits should this suit your circumstances.

 

Investments not savings products

While IFISA investments can provide a better rate of return than cash ISAs, it is important to recognise that they are investment products as opposed to savings products and consequently have a higher risk profile and are not covered by the FSCS (Financial Services Compensation Scheme). Our green IFISA carries general investment risks and we suggest that you seek professional investment advice if there is anything you do not understand.

 

Sustainable investment opportunities

The green Innovative Finance ISA by Amio Wealth enables tax-free impact investing. Your investment is directly financing eligible green projects that fall under the IFISA wrapper and helping to fund the much-needed transition away from a carbon- based economy to a renewable one. So not only are you potentially earning higher interest and enjoying tax-free returns, you are also helping to save the planet.

 

We are constantly striving to add to our portfolio of exciting and rewarding sustainable investment opportunities, some of which you can invest through an IFISA – to find out which of our sustainable products are available to invest in through an IFISA enquire today.

 

Risk warning 

Please be aware that as with any investment product there are risks and these investments are not covered by the FSCS. The past performance is not a guarantee of future performance. Your capital is at risk and returns are not guaranteed, rather they are dependent on the success of the company. Security measures are not a guarantee of repayment. This investment is not readily realisable, and you should be prepared to hold it for the full investment term. You can read more about the general risks of investment on our website and should refer to the offering document for risks specific to this investment. With IFISA investments tax rules apply and are dependent on your individual circumstances.



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