Target 7% interest tax-free

  • Attractive target return of 7%, after all fees and charges, without investing in the stock market
  • Managed by an FCA-regulated fund manager
  • Typically fixed term of 5 years
  • Use your 2018/19 ISA allowance (£20,000) or transfer an existing Cash ISA, Stocks and Shares ISA or Innovative Finance ISA
  • Capital at risk

Open an IFISA account

Our Innovative Finance ISA

Simple, innovative, asset-backed

The Innovative Finance ISA

The Innovative Finance ISA (IFISA) is the newest type of ISA, which allows investors to access investments such as peer-to-peer (P2P) loans, with the tax benefits of an ISA wrapper. As with Cash ISAs and Stocks and Shares ISAs, no income tax is payable on the yield from your investment..

Your money will be invested in loans on the Money&Co. P2P lending platform, typically with a fixed return of 7% per annum after fees, which you will receive completely tax-free

    Open an IFISA account

    IFISA Calculator

      5 years

      7.00 %

      Total savings after term
      Total tax-free income over 5 years
      Average yearly tax-free income
      Total percentage yield

      Managed for your convenience

      The Money&Co. Portfolio Managed ISA is offered in partnership with Bramdean Asset Management L.L.P. (Bramdean), an FCA-regulated fund management company, allowing you to combine the potential returns of P2P lending with the advantage of having a portfolio managed by a dedicated fund manager.

      Bramdean will invest your money for you in loans on the Money&Co. P2P lending platform, allowing you to benefit from the attractive potential yield of P2P lending, without the effort of selecting your own loans to invest in and managing your own portfolio.

      Like all investments, P2P lending carries risk and you may get back less than you invest. Financial products of this nature are not suitable for everyone and if you are unsure whether this type of investment is right for you then you should seek the advice of an independent financial adviser. Your capital is at risk.

      How it works

      Subscribe or transfer

      Opening an account takes a few minutes using our online application form. You can invest up to £20,000 for the current tax year, or transfer in one or more existing ISAs from another provider.

      Invest in loans

      Bramdean invests your money in asset-backed loans on your behalf, typically with a fixed return of 7% per annum after fees.

      Pay out or re-invest

      You choose to have income paid out to your bank account, or re-invested into other loans

      Access your account online

      You can log in to your online account at any time to see the investments and transactions in your IFISA.


      Start your tax-free portfolio today

      Opening an account online takes just a few minutes.

      Open an IFISA account

      Frequently Asked Questions

      Who can apply for a Money&Co. Portfolio IFISA?

      Applicants must be over 18 years old and resident in the UK for tax purposes. It only takes a few minutes to fill in the online application on the Money&Co. Portfolio website and you will need your National Insurance number and bank account details. Before completing the application, please read the Lender Terms on the website.

      Is the Money&Co. Portfolio IFISA a flexible ISA?

      Yes. Our IFISA has flexibility built in so you will be able to withdraw any income and pay it back into your Money&Co. account during the tax year without it being counted as part of your annual ISA allowance.

      Can I apply for an IFISA?

      If you are over 18-years-old and a UK resident (excluding the Channel Islands and the Isle of Man), then you are able to invest in an IFISA. If you are working overseas, but work for the Crown or are on active service, you will be treated as being resident. If you are the spouse or civil partner of someone who is working for the Crown overseas, you will also be treated as being resident.

      If you decide to work overseas permanently and do not work for the Crown, you can keep the investments that you have already made in your IFISA account, but you will not be able to make further subscriptions.