We make it easy for you to move funds from your old ISA to your new IFISA. You can do this simply by downloading and completing the form then send it back to us. When we’ve received the details of your old ISA and how much you wish to transfer we work with your old ISA manager to move the funds to your Crowd2Fund account as quickly as possible.

We make it really easy and take great care to seamlessly transfer your ISA to Crowd2Fund and allow you to start investing in growing businesses.

Why should I transfer my old ISA?

Due to inefficiencies and low base rates old ISAs offer an estimated 1.6% APR*. A Crowd2Fund IFISA offers an estimated 8.7% APR as we are an automated platform. We're directly regulated by the FCA and allow investors to save up to £20,000 per year tax free, and easily transfer your old ISA for free.
IFISA Tax free
Earn higher returns estimated at 8.7% APR and 0% defaults to date
Inflation protection & low tax costs
Protect yourself against your potential tax liability
More interest is made available for the investor
No middlemen means more interest for investors
Help the UK economy grow
Invest your capital into the business you choose and help the wider UK economy grow
Quicker and simpler financial services
Use our automated investing tool Smart-Invest to manage your investing automatically
Personal guarantees
Get the transparency and protection you need with personal guarantees or debentures on the loans
More information on the IFISA

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

Call us on +44 (0) 203 735 5669
for more information

Calculate your IFISA earnings

Use this calculator to estimate your tax free earnings.
You transfer
£
Invest monthly
£
Target APR
Estimated interest earned
£0
Register for free
Remember your capital is at risk as your investment is not protected by the FSCS
Estimated tax savings
£0
Estimated old ISA earnings
£0
Crowd2Fund fees
£0
Tax treatment of any of the investment offers will depend on the individual circumstances of each investor and you should speak to your advisor before making an investment. 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. Even though our default rate is 0% investors must understand past performance and forecasts are not reliable indicators of future results.
This calculation is an estimate and actual returns may be higher or lower. It assumes that any reinvestments are re-invested immediately.

3 simple steps

You are able to transfer your old ISA after you have set-up your IFISA with Crowd2Fund. We need a completed and signed ISA transfer form. If you have completed the online transfer form we may request that you sign and post the form depending on your old ISA managers requirements.
1
Set up your IFISA
Add your National Insurance number
2
Transfer your old ISA
Download and complete the Transfer form
3
Send us back the signed form
242 Acklam Road, London, W10 5JJ

Transfer an ISA FAQs

Why choose Crowd2Fund over other platforms?

At present, the Financial Conduct Authority has only approved a handful of peer-to-peer platforms to provide IFISAs. We are one of just a few to be fully and directly regulated by the FCA.

To date, we have 0% default rate due to our strict credit assessment and due diligence.

The IFISA is offering investors much higher estimated returns of 8.7% APR in comparison to the Old Cash ISAs which were between 0.5% to 1.5%. We also offer higher interest rates than other P2P platforms because we only work with private investors instead of large institution.

In addition to the higher returns, investors can also choose to support businesses they like, and this way of investing also helps the economy grow at the same time.

You are able to transfer your previous Cash ISA to our IFISA and continue earning tax-free returns on the invested amounts on Crowd2Fund.

NB: We can only accept Cash ISAs, or the cash that is in a Stocks and Shares ISA i.e. stocks and shares would need to be liquidated before the transfer can occur, or the investor would need to have free cash in the Stocks and Shares ISA already.

What are the fees?

There are no fees for activating an IFISA, for cancelling or transferring out at any time.

Can I open more than one Innovative ISA during the same tax year?

You can open more than one IFISA but only subscribe to one IFISA per tax year.

You have subscribed to an IFISA if:

  • You have added new funds since activating an IFISA.
  • You added funds to an existing ISA this tax year and then transferred these ISA funds into an IFISA.

If you don’t subscribe to your IFISA within the tax year, i.e. if you don’t add new funds into your IFISA, it will automatically be cancelled at the end of the year.

If you do subscribe for an Innovative Finance ISA for the tax year 2017 and each subsequent year, the IFISA will remain open indefinitely until further notice. The tax year runs from 6 April to 5 April.

What “Apply to subscribe for an IFISA for the tax year 2017 and each subsequent year means until further notice” means?

By ticking the box, we assume that you will subscribe (add new funds) to your IFISA during the year 2017 and each subsequent year until you inform us that you would like to cancel or transfer your IFISA. If you do not subscribe to your IFISA within a tax year it will be cancelled at the end of the year and you will need to re-activate it manually.

The subscription doesn't have to be large, you need to subscribe a minimum of £10 to validate and keep the IFISA open.

If you subscribe a minimum of only £10 to your IFISA this means it will stay active until you decide to cancel. If you do not subscribe within the tax year your IFISA will automatically cancel at the start of the next tax year.

Can I transfer more than one ISA to my IFISA?

There is no limit on the amount of existing ISAs you can transfer. However, you will need to complete a new form for each provider.

Can I transfer part of my existing ISA to my IFISA?

If you have Cash ISA savings that you have built up in previous tax years, you can transfer as much as you like, or as little as £10, to your IFISA. In tax year 2017/2018, you can subscribe up to £20,000 across your ISAs.

Can I withdraw my funds from my IFISA?

You can easily withdraw your funds from your IFISA whenever you like.

However, you should be aware that withdrawing funds will remove them from your ISA wrapper, but you can replace these funds within the same tax year without affecting your yearly subscription.

What information do I need to provide to transfer my existing ISA?

The form is easy to complete and asks for basic details including information about your old ISA provider and your authority for the transfer of funds.

As we are FCA regulated, we will need a copy of a valid photo ID for compliance purposes before you start investing.

How long will the transfer of my existing old ISA take?

Once we receive your completed ISA transfer form, we will send it to your old ISA manager to be processed. It should take around 15 days to be processed, but we will keep you updated on progress.

Do I need to invest to earn interest?

Your funds are not earning interest while in your wallet. In order to earn interest, you would need to make investments in debt-based campaigns that are IFISA eligible through your Crowd2Fund account.

Will my IFISA close at the end of tax year?

Your IFISA won’t close when the tax year finishes. You will keep your savings on a tax-free basis for as long as you keep the money in your IFISA account. However, it will close if you do not subscribe that tax year.

How do can I upload my ID?

You can email your ID to us or directly upload it into your account under “Wallet > Withdraw funds”.

Timings to transfer

Timings to transfer

Often transfers are made from the old ISA managers using a cheque in the post. Sometimes this means the process can take up to three weeks for the funds to appear in your wallet.

The process can be speeded up if you call your old ISA manager and ask them to expedite the process. We’ll ensure you're kept informed on where the transfer process is.

Transferring out

Transferring out

If you wish to cancel your IFISA with Crowd2Fund then you can also do this easily. Simply email cancel@crowd2fund.com and we will make sure your funds are transferred and remain in your ISA wrapper.

We will need to receive a transfer request form from your new ISA provider before we can transfer the funds.

Flexible ISA

Flexible ISA

You can withdraw funds from your Crowd2Fund IFISA wallet at any time.

This will remove the funds from your ISA wrapper, but if you replace them within the same tax year they will become part of your ISA wrapper again and your subscription for that year will not be affected.

Access your capital

Access your capital

You can access your capital by selling an investment to another investor on the Exchange. You define your sale price and list your investment within the marketplace.

Check sign

ID Check

We take security and compliance very seriously to protect investors.

Due to FCA regulation and our anti money laundering obligations we need to confirm your identity if you're investing more than £2000. You can complete your ID checks by uploading your driving licence or passport on our enhanced compliance page, or alternatively you can email us your ID and we will process this for you.

When your ISA funds arrive

When your ISA funds arrive

When your funds arrive, you will be notified and you can use the Smart-Invest feature to automatically deploy funds into campaigns that match your risk profile. Alternatively, you can select campaigns you choose to invest in from the opportunities page.

Remember, funds do not earn interest when they are in your Crowd2Fund wallet.

You can also set-up a Smart-Investment plan to make monthly investments automatically.

Fees

Fees

It costs nothing to set-up your IFISA and the only fees we collect is 1% of the value of the repayment. We collect this fee when the repayment is made to you on a monthly basis. You can understand more about our APR and AER here.

"In this low interest rate and high inflation environment, my IFISA allows me to potentially earn much higher returns than my old ISA*. Crowd2Fund gives me all the information I need to make a balanced investment decision."

- Richard from LiverpoolRegister and transferOr download the form

Sign-up and start your ISA transfer for free

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Remember, your capital is at risk as your actual return may be higher or lower. Find out more.

Risk warning

Investments like these involve risks including loss of capital. Please see our risk section before making an investment decision