Innovative Finance ISA

You can open an Innovative Finance ISA by signing up for an investment account in minutes.

You will be given the option during registration to open an Innovative Finance ISA where you can invest up to £20,000 tax-free each financial year, or you can transfer all or part of your existing ISA portfolio to easyMoney.

Click or tap here to open an Innovative Finance ISA today.

Once you have opened an investment account, log in and click ‘Invest now’ to pay into your ISA or IFISA account. Remember, the IFISA is your tax-free account so make sure you select the right one.

You have the option to pay into your Innovative Finance ISA via bank transfer (using your online or telephone banking, or in branch).

You can transfer any existing IFISA, Cash ISA or a Stocks and Shares ISA to easyMoney in a few simple steps. To begin the transfer of your ISA first log in to your dashboard and visit ‘My Account’ then go to ‘Transfer an ISA’.

Download the ISA transfer form for your existing ISA type

Fill out the form and upload it to us in the ‘Transfer an ISA’ section of ‘My Account’

We‘ll take care of the rest and let you know when your ISA transfer is complete.

Your Innovative Finance ISA Interest is calculated daily and paid into your easyMoney account on the 15th of each month.

You can choose to have this automatically re-invested into new loans or paid to the bank account you used to fund your account.

At easyMoney, withdrawing from an ISA is straightforward because our IFISA is a flexible ISA. This means that you are able to take money out of your ISA without the money losing its tax-free status, as long as you repay the funds back into your account before the end of the tax year.

In order to withdraw you must first sell your loans from the ‘My Portfolio’ section of your account as you can only withdraw cash.

Your loans must be performing and not within 1 month of repayment to sell. As your ability to sell depends on new investors being willing to buy the loans instant access is not guaranteed.