Compare innovative finance ISAs

You could earn a higher rate of interest with a tax free Innovative Finance ISA by lending your money using a peer to peer platform.

  • Earn a return by lending out your money
  • Open accounts with just £100
  • Be aware that P2P lending is not protected by the FSCS*

Compare peer to peer ISAs from leading providers

Looking through a range of options gives you more chance of securing a great deal. You'll only find results from genuine companies. Our data experts check each company before we add them to our comparisons.

easy-money-peer-to-peer-isas
kuflink-peer-to-peer-isas

How to compare peer to peer ISAs

1

Run an ISA comparison

When looking for a peer to peer ISA decide how long a term you would be happy with. Once you have worked out how much you'd be happy to put in to open your account find the highest interest peer to peer ISA with the lowest fees for the highest return by comparing a number of companies.

2

Compare your options

Have a look through the options to find the best peer to peer ISAs for your needs, importantly terms and can vary between providers so check any conditions attached to the the account such as if you require the ISA to accept transfers then pick a deal that offers the highest interest peer to peer that matches your needs.

3

Apply and start saving

You may be able to get a higher interest peer to peer ISA by applying online and some providers only ever operate digitally, so to make sure you find the best peer to peer ISA deals comparing quotes on the internet is a must. Once you've decided on the provider you want, simply apply.

Peer to peer ISA deals

Peer to peer ISAs put your capital at risk, and you may get back less than you originally invested. Returns are not guaranteed if the borrower defaults.

7 results found, sorted by affiliated products first. How we order our comparisons. Commission earned affects the table's sort order.
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Kuflink 1 Year IFISA
You will invest in
Secured loans
Open with
£100
Target return
5% p.a.
Protection scheme
Own scheme
Kuflink 1 Year IFISA
Up to 4% cashback for new investors who invest at least £500. T&Cs apply.
Your money won't be protected by the FSCS so make sure you understand the risks before you apply.
Investment type

You will invest in loans secured against residential property.

Deposit Protection Scheme Information

Kuflink co-invest 5% alongside their users on a first loss basis.

Your capital is not guaranteed because it isn't covered by the FSCS.

Eligibility
Maximum Age
Maximum Initial Deposit
Minimum Age
Minimum Initial Deposit£100
Minimum Monthly Investment
Kuflink 3 Year IFISA
You will invest in
Secured loans
Open with
£100
Target return
6.1% p.a.
Protection scheme
Own scheme
Kuflink 3 Year IFISA
Up to 4% cashback for new investors who invest at least £500. T&Cs apply.
Your money won't be protected by the FSCS so make sure you understand the risks before you apply.
Investment type

You will invest in loans secured against residential property.

Deposit Protection Scheme Information

Kuflink co-invest 5% alongside their users on a first loss basis.

Your capital is not guaranteed because it isn't covered by the FSCS.

Eligibility
Maximum Age
Maximum Initial Deposit
Minimum Age
Minimum Initial Deposit£100
Minimum Monthly Investment
Kuflink 5 Year IFISA
You will invest in
Secured loans
Open with
£100
Target return
7% p.a.
Protection scheme
Own scheme
Kuflink 5 Year IFISA
Up to 4% cashback for new investors who invest at least £1,000. T&Cs apply.
Your money won't be protected by the FSCS so make sure you understand the risks before you apply.
Investment type

You will invest in loans secured against residential property.

Deposit Protection Scheme Information

Kuflink co-invest 5% alongside their users on a first loss basis.

Your capital is not guaranteed because it isn't covered by the FSCS.

Eligibility
Maximum Age
Maximum Initial Deposit
Minimum Age
Minimum Initial Deposit£100
Minimum Monthly Investment
easyMoney Premium Plus
You will invest in
Secured loans
Open with
£20,000
Target return
5.02% p.a.
Protection scheme
Own Scheme
easyMoney Premium Plus
Invest over £1,000 and get easyMoney plus membership which includes discounts and more cash back at over a thousand of the UK's leading retailers.
Your money won't be protected by the FSCS so make sure you understand the risks before you apply.
Investment type

You will invest in loans secured on property.

Deposit Protection Scheme Information

easyMoney investments are usually secured against property with a legal charge over the property asset. In the event a borrower cannot repay, the investors can collectively (together with the bank who typically holds the first legal charge) force the sale of the property in order to generate funds in an attempt to repay their investment and return.

They always state the amount that the property would need to fall in value versus its forecast sales value in order for their investors’ capital or return to be at risk. This will vary by investment and is a maximum of 75% but typically 33 to 39%.

Your capital is not guaranteed because it isn't covered by the FSCS.

Rate Tiers

The interest rate you receive will vary depending on the deals you choose to invest in. Investments that you can make using your ISA will typically have a rate of return between 3.67% - 8%.

Eligibility
Minimum Age18 years
Minimum Initial Deposit£20,000
Permanent UK Resident
easyMoney Premium IFISA
You will invest in
Secured loans
Open with
£10,000
Target return
4.03% p.a.
Protection scheme
Own Scheme
easyMoney Premium IFISA
Invest over £1,000 and get easyMoney plus membership which includes discounts and more cash back at over a thousand of the UK's leading retailers.
Your money won't be protected by the FSCS so make sure you understand the risks before you apply.
Investment type

You will invest in loans secured on property.

Deposit Protection Scheme Information

easyMoney investments are usually secured against property with a legal charge over the property asset. In the event a borrower cannot repay, the investors can collectively (together with the bank who typically holds the first legal charge) force the sale of the property in order to generate funds in an attempt to repay their investment and return.

They always state the amount that the property would need to fall in value versus its forecast sales value in order for their investors' capital or return to be at risk. This will vary by investment and is a maximum of 65% but typically 33 to 39%.

Your capital is not guaranteed because it isn't covered by the FSCS.

Rate Tiers

The interest rate you receive will vary depending on the deals you choose to invest in. Investments that you can make using your ISA will typically have a rate of return between 3.67% - 8%.

Eligibility
Minimum Age18 years
Minimum Initial Deposit£10,000
Permanent UK Resident
easyMoney Classic IFISA
You will invest in
Secured loans
Open with
£100
Target return
3.08% p.a.
Protection scheme
Own Scheme
easyMoney Classic IFISA
Invest over £1,000 and get easyMoney plus membership which includes discounts and more cash back at over a thousand of the UK's leading retailers.
Your money won't be protected by the FSCS so make sure you understand the risks before you apply.
Investment type

You will invest in loans secured on property.

Deposit Protection Scheme Information

easyMoney investments are usually secured against property with a legal charge over the property asset. In the event a borrower cannot repay, the investors can collectively (together with the bank who typically holds the first legal charge) force the sale of the property in order to generate funds in an attempt to repay their investment and return.

They always state the amount that the property would need to fall in value versus its forecast sales value in order for their investors' capital or return to be at risk. This will vary by investment and is a maximum of 65% but typically 33 to 39%.

Your capital is not guaranteed because it isn't covered by the FSCS.

Rate Tiers

The interest rate you receive will vary depending on the deals you choose to invest in. Investments that you can make using your ISA will typically have a rate of return between 3.67% - 8%.

Eligibility
Minimum Age18 years
Minimum Initial Deposit£100
Permanent UK Resident
easyMoney High Net Worth
You will invest in
Secured loans
Open with
£100,000
Target return
6.01% p.a.
Protection scheme
Own Scheme
easyMoney High Net Worth
Invest over £1,000 and get easyMoney plus membership which includes discounts and more cash back at over a thousand of the UK's leading retailers.
Your money won't be protected by the FSCS so make sure you understand the risks before you apply.
Investment type

You will invest in loans secured on property.

Deposit Protection Scheme Information

easyMoney investments are usually secured against property with a legal charge over the property asset. In the event a borrower cannot repay, the investors can collectively (together with the bank who typically holds the first legal charge) force the sale of the property in order to generate funds in an attempt to repay their investment and return.

They always state the amount that the property would need to fall in value versus its forecast sales value in order for their investors’ capital or return to be at risk. This will vary by investment and is a maximum of 75% but typically 33 to 39%.

Your capital is not guaranteed because it isn't covered by the FSCS.

Rate Tiers

The interest rate you receive will vary depending on the deals you choose to invest in. Investments that you can make using your ISA will typically have a rate of return between 3.67% - 8%.

Eligibility
Minimum Age18 years
Minimum Initial Deposit£100,000
Permanent UK Resident
Man working on laptop

How to find the best innovative finance ISA

To find the best innovative finance ISA (IFISA) there are three things you should look for:

  • A term you are comfortable tying your money up for

  • The highest return for that term

  • The lowest costs for managing your IFISA; like withdrawal and deposit fees

The best IFISA will be the one that pays the highest return and charges no fees, but make sure you check the minimum deposits needed to open each IFISA when you compare.

What is an IFISA?

An innovative finance ISA (IFISA) is a peer to peer (P2P) account that uses an ISA wrapper so the return you make will be tax free.

P2P lending means that you have the opportunity to lend money directly to borrowers and businesses. Similar to a bank loan, the borrower will then pay back the borrowed amount, with interest on top. 

Are IFISAs protected?

IFISAs are not protected under the Financial Services Compensation Scheme (FSCS).

However, most companies offer their own protection scheme that should compensate you if a borrower defaults on the money you lend them or the company goes bust.

Florence Codjoequotation mark
An IFISA could potentially earn you more interest than ta savings account. However, an IFISA comes with more risk than a cash ISA, and they aren’t protected by the Financial Services Compensation Scheme (FSCS)
Florence Codjoe, Personal Finance Editor

How is an IFISA different to P2P?

You do not need to pay tax on the returns from an IFISA, and although P2P is not taxed at the source either, you are still required to declare any returns you make to HMRC.

Can you transfer your ISAs into an IFISA?

Yes, you can transfer any of your cash or stocks and shares ISAs from previous tax years into either one IFISA or separate individual IFISAs.

For example; if you have a cash ISA and stocks and shares ISA from the 2014/15 tax year, you could transfer one into a new IFISA and transfer the other into a separate IFISA.

You can only pay into one IFISA during a single tax year, but you can still pay into a cash ISA and stocks and shares ISA during the same tax year as long as you do not exceed your tax free ISA allowance.

Innovative finance ISA FAQs

About our peer to peer ISAs comparison

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Last updated: 22 April, 2022