The Oaksmore Innovative Finance ISA
Oaksmore's Innovative Finance ISA ('IF ISA') is an Individual Savings Account that permits you to invest in qualifying loans that are facilitated through an electronic platform. Income and capital returned to you is not subject to tax.
You can only invest in one IF ISA in any one tax year. You can subscribe in cash for a new ISA with Oaksmore or you can transfer an existing ISA (cash, stocks and shares or IF ISAs), to us.
The current annual ISA allowance is £20,000.