Compare innovative finance ISA

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.

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
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
Minimum Initial Deposit£100
Kuflink 3 Year IFISA
You will invest in
Secured loans
Open with
£100
Target return
6.1% p.a.
Protection scheme
Own scheme
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
Minimum Initial Deposit£100
Kuflink 5 Year IFISA
You will invest in
Secured loans
Open with
£100
Target return
7% p.a.
Protection scheme
Own scheme
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
Minimum Initial Deposit£100
easyMoney Premium Plus
You will invest in
Secured loans
Open with
£20,000
Target return
5.02% p.a.
Protection scheme
Own Scheme
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
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 High Net Worth
You will invest in
Secured loans
Open with
£100,000
Target return
6.01% p.a.
Protection scheme
Own Scheme
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
easyMoney Classic IFISA
You will invest in
Secured loans
Open with
£100
Target return
3.08% p.a.
Protection scheme
Own Scheme
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

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.

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.

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

You can pay in up to your ISA allowance each tax year, and you can transfer existing ISAs into your chosen IFISA.

This can vary depending on the company offering the IFISA, for example, £1,000.

You can only pay into one during each tax year, but if you have previous tax year ISAs you can transfer them into separate individual IFISAs.

Yes, but you can choose how long you tie your money up for. IFISAs tend to offer higher rates the longer you tie your money down for.

You can pay into an IFISA, cash ISA and stocks and shares ISA during the same tax year, but only up to your ISA allowance.

About our peer to peer ISAs comparison

Our comparison tables include providers we have commercial arrangements with. The number of listings in our tables can vary depending on the terms of those arrangements, as well as other market developments. They are all from providers regulated by the Financial Conduct Authority (FCA).

Here is more information about how our website works.

We have commercial agreements with some of the companies in this comparison and get paid commission if we help you take out one of their products or services. Find out more here.

You do not pay any extra and the deal you get is not affected.

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