Fund Ourselves

Invest in Fund Ourselves ISA

Invest in Fund Ourselves ISA

An Innovative Finance ISA will NOT provide you any additional protections or reduce the risks associated with a P2P investment. An Innovative Finance ISA will also NOT guarantee the returns you will earn. It remains possible to lose all of your money.
Earn tax-free interest on peer-to-peer ISA investment. Invest from £1,000 and up to your £20,000 annual tax-free ISA allowance. You can also transfer your previous years ISAs to Fund Ourselves.

Capital at risk. No FSCS cover.
Higher returns are subject to higher risks.

* Subject to your investment being continuously lent out to matching borrowers over a 12-month period. Higher-risk loans may yield greater returns but can also lead to lower returns if borrowers can’t fully repay their debts. Actual return may vary depending on pool time and loan defaults. See lend page.
** When lending to unsecured borrowers, it’s important to remember that your capital is at risk. Fund Ourselves products are not covered by the Financial Services Compensation Scheme. Don’t invest unless you’re prepared to lose money.

What is ISA and IFISA?

An Innovative Finance ISA (IF ISA) is a type of Individual Saving Account (ISA) which allows UK residents and tax payers to earn tax free interest on peer-to-peer investments. Each year, you can invest up to the tax-free allowance limit (£20,000 for 2022/23), and you can also build up your ISA balance over the years.

Our Innovative Finance ISA

Fund Ourselves is approved by HMRC as an ISA manager to offer Innovative Finance ISA.
You can transfer in from both previous and current year ISAs without incurring any charges.
Please note that the tax treatment depends on the individual circumstances of each client and may be subject to change in future. Please check the HMRC Website or seek professional advice. Our IF ISA carries similar risks and rewards as our standard investment at our platform.
An ISA that contains peer-to-pay loans is an Innovate Finance ISA. Whether investing in peer-to-peer loans through an Innovate Finance ISA provides you with tax advantages will depend on your personal tax status and financial affairs. Any tax advantages may be negatively affected by:
  • A loan in the ISA not being repaid
  • The insolvency or other failure of Fund Ourselves
  • Your withdrawing from a loan in the ISA
  • Your transferring your ISA
You should consider taking legal or accountancy advice on these points.
An Innovative Finance ISA will NOT provide you any additional protections or reduce the risks associated with a P2P investment. An Innovative Finance ISA will also NOT guarantee the returns you will earn. It remains possible to lose all of your money.
 

Eligibility Requirements

  • 18’s and over
  • Must have National Insurance Number
  • Only one ISA per year
  • Minimum investment amount £1,000
  • Subscription limit of £20,000 per tax year
  • Individuals only
  • UK permanent resident and tax payer (excluding the Channel Islands and the Isle of Man)

To create ISA account, you have to first create a normal investment account.
Please learn more about investing our platform, including risks and benefits.

ISA Investment Withdrawal Process

You can request to transfer-out of your ISA investment after logging into your online account with Fund Ourselves. Please note there are risks associated with withdrawal, and the process can take time:

Where none of your ISA investment has been lent out:

Your investment ISA will typically transfer out within 7-10 working days.

Where your ISA investment's funds have been lent:

You must request to transfer out of the entire lent amount (partial transfer of lent amounts is not permitted). Please also bear in mind:
  • We will effect your ISA investment transfer by seeing if there are other suitable investors to take on your loans in our secondary market. There may not be any, and we cannot do this where borrowers are in arrears. If transfers can be achieved for all your loans, the new ISA provider will typically receive the funds within 7-10 working days.
  • Where we cannot find suitable investors willing to take on your loans or otherwise transfer your loans, we will wait for the loan terms to complete rather than rolling your investment forward into new loans.
  • All loans must be completed before the ISA transfer can be affected.
Please also note that you become ineligible to earn interest after making a withdrawal request. Where the borrower is not meeting its obligations, we will take appropriate measures to enforce rights under the loan. In the event that there is a shortfall, we shall consider the application of the Provision Fund. Please see our Provision Fund Policy here.
The provision fund we offer does not give you a right to payment, so you may not receive a pay-out even if you suffer loss. The fund has absolute discretion as to the amount that may be paid, including making no payment at all. Therefore, investors should not rely on possible pay-outs from the provision fund when considering whether or how much to invest.