Up to £20,000 tax free investments
Tax efficient Investing with Innovative Finance ISA
Nester secures changes in UK law to accommodate its Islamic Investment products as Innovative Finance ISA compliant
*You must already have an Investment Account open with us in order to to be able to apply for an IF-ISA Investment Account
What is an IF-ISA?
- An Innovative Finance ISA (IF-ISA) is a type of tax-free individual savings account (ISA) that allows investors to earn tax-free returns on peer-to-peer (P2P) financing, crowdfunding investments, and other alternative finance products.
- Unlike traditional cash and stocks & shares ISAs, IF-ISAs allow investors to invest their money directly in financing or investment opportunities, that match Buyers seeking funding with Investors.
- The aim of an IF-ISA is to provide investors with greater flexibility and choice when it comes to their investments, while also potentially generating higher returns than those available through more traditional investment options.
For more about IF-ISA's, you can visit the gov.uk website for more information.
IF-ISA Summary
Invest up to £20,000 per annum
Ability to transfer your ISA cash balance from existing provider
Profit received is Tax Free
Withdraw funds instantly or re-invest
Re-invest allows you to compound returns
Why Nester's IF-ISA
- Only Islamic fixed income Investment product in the UK that benefits from an IF-ISA
- Earn up to 9% p.a. tax free
- Invest from as little as £1,000
- All Investments secured on UK Real Estate
*You must already have an Investment Account open with us in order to to be able to apply for an IF-ISA Investment Account
How to Sign up for Nester’s IF-ISA Wallet
STEP 1
Complete Registration
Sign up, review and understand the risk statement and complete the Self Assessment Test. Then, complete your Profile, including adding your bank details and submit for Onboarding.
STEP 2
Add IF-ISA Account
If onboarding is successful and your profile is completed, you can apply for an IF-ISA Account.
STEP 3
We Check your Eligibility
We will review your application and check if you are eligible for an IF-ISA account.
STEP 4
Top up your e-wallet
Add funds to your Nester IF-ISA e-wallet account. You can top up your account with the maximum ISA allowance per tax year.
STEP 5
Start Investing
Browse through the Opportunities on the Opportunity Page and see which ones have availability to Invest. You can decide if you want to Invest using your IF-ISA allowance or through your normal Investment e-wallet account.
Frequently Asked Questions
An ISA is an Individual Savings Account. It works like a normal savings account, except you don’t pay any UK income or capital gains tax.
There are 4 types of ISA available in the UK:
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Cash ISAs
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Stocks and shares ISAs
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Innovative Finance ISAs
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Lifetime ISAs
You need to be:
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Aged 18 or over for a stocks and shares, innovative finance ISA or cash ISA and 18 or over but under 40 for a lifetime ISA.
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A UK resident for tax purposes.
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Comfortable that the value of investments can go up as well as down.
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Prepared to invest for at least 5 years.
- Please check on the gov.uk website for the permitted allowance for each tax year. This amount is set by HMRC.
You can put funds into each type of the four ISAs you qualify for in a given tax year, providing you do not exceed your total yearly allowance of £20,000.
You can apply to open an ISA account at any time, with the allowance beginning at the start of each new tax year, 6th April.
*You must already have an Investment Account open with us in order to to be able to apply for an IF-ISA Investment Account