The benefits of an Innovative Finance Individual Savings Account (IFISA) are that you can shelter up to £20,000 in the 2018/19 tax year and a further £20,000 in the 2019/20 tax year of your HNW Lending investments from tax. This means that if you invest this amount in a HNW Lending IFISA by 5th April 2019, all interest earned on the money held in the IFISA is tax-free. In addition, in the 2019/20 tax year (which runs from 6 April 2019 to 5 April 2020) you will be able to invest a further £20,000. IFISAs are not covered by the Financial Services Compensation Scheme.
We can transfer your old ISA for you quickly and pain free so that you can shelter more of your HNW Lending investments from tax, although we should point out that the tax treatment depends on the individual circumstances of each client and may be subject to change in future.
Please print off, fill out and sign the application form and email it to us (a scan or a photo from your phone is sufficient)
- The first page is the IFISA application form, which all applicants must sign
- The second page is an ISA transfer form which needs to be filled in for any existing ISAs that you wish to transfer to HNW Lending
- Subsequent pages are the terms and conditions that apply to IFISA accounts in addition to our standard terms and conditions
Innovative Finance ISA Terms and Conditions
Please note your capital is at risk and interest payments are not guaranteed. Click here to find out more