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The Zopa IFISA is now available

It’s here! From today, existing investors can subscribe to a Zopa IFISA, and earn tax free interest on up to £20,000 (the total ISA allowance for 2017/18) of their peer-to-peer investments.

There’s been an incredible amount of interest in our IFISA on launch. To help manage demand, we’re currently only offering our IFISA to existing customers. However, we may still see more money coming in than we can lend out straight away which could cause your lending speeds to slow down. We will monitor this closely, and keep investors informed.

Zopa Core makes its debut

Zopa Core, our latest peer-to-peer investment product, also launched today. Core has a target return of 3.9% and will, by December, replace Access and Classic, without Safeguard coverage.

Key features of our IFISA and Zopa Core

IFISA Core key feature table


There will be a month-long period where current investors can sell their existing loans to move the proceeds into a Zopa IFISA, and, where applicable, we’ll rebate the 1% loan sale fee. We will write to investors in advance to let them know the start date.

Before and after this time, they will still be able to sell their loans and put the proceeds into a Zopa IFISA, but they will be subject to the 1% loan sale fee.

How will the Zopa IFISA work?

How to open an IFISA with us

Frequently asked questions about our ISA

How to start investing in Core

How to manage your money after Access and Classic are retired

Frequently asked questions about Core and the retirement of Access and Classic

When you invest your money, your capital is at risk and is not protected by the Financial Services Compensation Scheme (FSCS). Our risk statement has all the details.

Andrew Lawson is Chief Product Officer at Zopa.