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Don’t invest unless you’re prepared to lose money. This is a high risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Innovative Finance ISA

What happens to the investment under an ISA if a lender passes away?

An ISA ceases on the death of the investor. Any interest or gains in respect of investments in his or her ISA that arise (which in general terms means ‘paid’) after the date of death to the date of closure are not exempt from tax.

But there is no loss of exemption on interest, dividends or gains which arise before the date of death, including any gain treated as arising as a result of the death of the investor under the rules for investments in policies of life insurance.

Can I apply for an Innovative Finance ISA on behalf of someone else?

Strictly, all ISA applications must be made by the investor.  But Crowdstacker may accept an application from someone holding a Lasting Power of Attorney (LPA) which has been registered with the Public Guardians Office and which gives the attorney the power to make the decision to open an ISA.

Crowdstacker will need to:

  • see the LPA (or a certified copy of it) and retain a copy for their records in case the account is queried by HMRC auditors,
  • check any restrictions on the LPA to see that it is broad enough to cover the opening of an ISA.

Can I make a withdrawal from my Innovative Finance ISA or P2P account?

When interest payments have been paid into your IFISA Account or your P2P account or you have un-invested money in your account, you are free to withdraw these cash funds at any time by going to ‘My Account’ and ‘My Investments’, and requesting a withdrawal by clicking on the ‘Withdraw Funds’ button related to your IFISA or P2P account.

Your funds will be paid out to your bank account within the next 8 business days.

How many ISAs can I subscribe to?

Investors can subscribe in each tax year to any of the following:

  • Cash ISA;
  • Stocks and Shares ISA; and
  • an Innovative Finance ISA.

From 6 April 2024 investors have the flexibility to pay into the same type of ISA with different providers. All subscriptions must remain within the overall ISA subscription limit of £20,000
 

Who can subscribe to the new Innovative Finance ISA?

To be eligible to subscribe to an Innovative Finance ISA an investor must:

  • be aged 18 or over;
  • be resident in the United Kingdom or, if not a resident, be performing duties as a Crown employee serving overseas and paid out of the public revenue of the United Kingdom (typically a serving member of the armed forces, or a diplomat), or be married to, or in a civil partnership with, such a person; and
  • not have exceeded the overall subscription limit which is £20,000 for 2025/26.

How do I open a Crowdstacker IFISA or P2P account?

The process to open a Crowdstacker account is very easy. All you need are your bank account details and your National Insurance number to hand (if you are applying for an IFISA account).

You can apply for a Crowdstacker account in just a few simple steps online. Click the 'Open an Account’ button which you can find in the menu bar at the top of this web page.

It takes a few minutes to apply, and we do not charge investors any fees for opening or administering their accounts.

Can I transfer from my existing ISAs?

You can transfer from your Cash ISAs and Stocks and Shares ISAs into your Crowdstacker Innovative Finance ISA.

If you apply online for the Innovative Finance ISA you will be offered transfer forms during the online application process which will allow you to transfer from any existing ISAs to your new Innovative Finance ISA. You can also find transfer forms in the 'My Investments' area of your account.

If you would like us to send you transfer forms by post, please call us on 020 7118 7570.