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The LEOpropcrowd Innovative Finance ISA
The LEOpropcrowd Innovative Finance ISA (IFISA) allows savers to invest in our crowdfunded bonds and have the potential to receive tax free returns.
How much can you invest?
Every UK resident over the age of 18 has an annual ISA allowance of £20,000 all of which can be invested in an IFISA.
Tax benefits of ISAs
Income earned and gains made within an ISA are free from UK tax. For someone paying UK Income Tax at 45% this means a saving of £450 for every £1,000 interest earned.
How to open an ISA?
Opening a new IFISA is simple, you just choose an ISA eligible offer and select "Invest with IFISA". Alternatively you can go to your account area and top up your IFISA wallet with funds.
Transferring your existing ISA
Money invested in existing Cash, Stocks & Shares and Innovative Finance ISAs can be transferred into the LEOpropcrowd IFISA without losing the ISA ‘wrapper’. Transfers of existing ISAs do not count as part of your annual ISA allowance.
Transferring your existing ISA in 3 simple steps
STEP 1: ISA AGREEMENT
Read, understand and agree to the IFISA terms and conditions. Enter your NI number and select your existing ISA provider
STEP 2: CURRENT ISA DETAILS
Complete information about the ISA you wish to transfer. Type of ISA ISA account number Whether you have subscribed to the ISA you are transferring in the current year Amount you wish to transfer Submit your transfer request
STEP 3: PRINT, SIGN AND POST
Print your ISA transfer request form, check all the details are correct, then sign, date, and post the form to the address provided.