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5 things to know about Zopa’s Innovative Finance ISA

As the new tax year gets underway, it’s time to think about where to invest your annual tax-free allowance. So here’s 5 reasons why you should consider a Zopa Innovative Finance ISA (IFISA):

Earn at the latest rates of return this year and every year

Lots of providers offer fantastic rates for the first year of your ISA, and then drop them drastically as soon as the next tax year starts. That’s not how we work: our IFISA always earns at our latest market rates.

Enjoy competitive returns

Currently, our IFISAs are offering target returns* of:

  • ISA-Core: 4.0%
  • ISA-Plus: 4.6%

Have ISA flexibility

Our IFISA is flexible. This means you can access your funds throughout the year and replace anything you take out before the tax year ends without impacting your annual allowance. So you have more options with your ISA money.

Get old ISAs earning today’s returns

Have an old cash ISA earning less than 1%? Now’s a good time to look around and see if you could get a better deal. Transferring it from its current provider to a higher risk, higher earning Zopa IFISA could make a big difference to your finances.

Benefit from a different kind of ISA in your portfolio

Cash ISAs are safe, but unrewarding. Stocks & Shares ISAs can offer very high returns, but maybe at a higher level of risk than you may be comfortable with.

Zopa’s IFISA falls somewhere in the middle in terms of risk and reward. We lend your money to creditworthy individuals who have undergone a rigorous credit check. Though your capital is at risk with all peer-to-peer investments, returns tend to be higher than those offered by cash, and more stable than Stocks & Shares.

Find out more about how the IFISA fits into the ISA family.

Want to know more about our IFISA?

Check out our website

Read our IFISA FAQs

Prefer to speak to someone? Our Customer Services team will be happy to help.

Remember, with peer-to-peer lending your capital is at risk.

Natasha Wear is Head of Investor Products at Zopa.

*Annualised projected return (capital weighted average loan interest rate minus expected principal loss and our loan servicing fee). Past performance is not a guarantee of future results.