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Earn up to 13% interest on secured loans, tax-free
Invest all your 2018-19 ISA allowance of up to £20,000
Transfer any amount from your existing ISA’s
Withdraw and replace funds through the year with our flexible ISA
Select from a range of secured loans to British businesses
Select and manage your own loans

MoneyThing IFISA: Key Facts

The MoneyThing IFISA allows you to invest in peer-to-peer loans within an ISA tax wrapper. The same risks of lending apply whether or not you invest through the tax wrapper and it is advisable to familiarise yourself with the risks of lending before you apply.

You can choose from a range of secured loans on our platform and you will have the choice about whether to lend inside or outside your tax wrapper. The loans offered vary in risk and term and you can choose which lending opportunities are right for you.

The MoneyThing IFISAs are flexible. You can take out and replace money within the same tax year, subject to the sale of your loans on the secondary market if all your cash is invested.

Am I eligible?

The MoneyThing IFISA is open to you provided you are:

  • Registered as a MoneyThing lender
  • Resident of the UK
  • Over 18 years old
  • Within the allowance of ISA subscriptions for the year.

How to fund your IFISA

Once your application has been accepted by us, you can fund your IFISA in two ways:

  • Transfer new ISA money to us by bank transfer (provided that you have not subscribed to another IFISA in the same tax year)
  • Transfer existing ISA money to us from your existing ISA provider: You can complete the online transfer authority form, print, sign and send it to us and we will do the rest. We will contact your existing ISA manager to arrange the transfer on your behalf.

Fees

We do not charge any management fees to lenders for operating the IFISA. There are no fees for transferring funds from other providers and there are no charges for selling loans on the secondary market.

We do charge a small fee for transfers out to other ISA managers, repairs, voids and for administration of the account in the event of death or bankruptcy. Fees are listed as a schedule in our ISA Terms and Conditions.

 

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Our guide to lending with MoneyThing

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