3rd January 2023
Have your transferred your IFISA? The 5th of April is fast approaching, transfer your IFISA today and you could earn tax-free on up to £20,000. Why would I choose to invest in an IFISA?
Here's 9 reasons:
1) You want to invest in entrepreneurs and support the local economy. You are prepared to invest in riskier investments and accept that your principal investment and any target returns are not guaranteed.
2) You want to support small businesses and develop meaningful relationships with your money.
3) You’re an entrepreneurial investor with an interest in where your money goes.
4) You want to be in control of your money and engage with the investment process.
5) You want to receive additional tangible rewards, like new products and services.
6) You want to try investing through a different channel, other than banks and stockbrokers.
7) You’d enjoy investing on an innovative platform when it suits you, online or via a mobile app.
8) You want to diversify your current portfolio.
9) You want to allocate part of your savings to peer to peer lending. It’s important to understand that you should only invest what you could realistically afford to lose as IFISA investments are typically higher risk.
For instance, rather than completely replacing your current Stocks and Shares or Cash ISA, you can decide to add an IFISA to it. If a Cash ISA investor is interested in IFISAs, they can set aside a small sum in one to increase their investment portfolio's income without sacrificing too much security. Some investors just find IFISAs more engaging since they provide you the opportunity to get involved, choosing the companies they want to back, and picking investments they actually enjoy.
To transfer your ISA click here.
Past performance and forecasts are not reliable indicators of future results. Tax treatment of any of the investment offers will depend on the individual circumstances of each investor and may be subject to change in the future. If you are unsure about any aspect of the information provided by the company, you should seek advice from an independent financial adviser. Do not invest more than you can afford to lose. Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Investing in start-ups may expose the individual concerned to a significant risk of losing all of the money or other assets invested. Peer-to-business lending through Crowd2Fund is not the same as holding a bank or building society savings account. When making a peer-to-business loan, your capital lent to a borrower is not covered for compensation in the event of a loss by the Financial Services Compensation Scheme. It may prove impossible to recover all or part of the loan by calling in the business assets held as security on that loan. Reward and Donation funding types are not regulated by the Financial Conduct Authority Crowd2Fund Limited is authorised and regulated by the Financial Conduct Authority (FRN 623683). Crowd2Fund Limited is registered in England and Wales. Registered No. 08472687 Registered Address: 242 Acklam Road, London, W10 5JJ.
Past performance and forecasts are not reliable indicators of future results. Your capital invested is not covered for compensation in the event of a loss by the FSCS. Tax treatment will depend on the individual circumstances and may be subject to change. Please see our Risk section before making an investment decision.