The New Innovative Finance ISA Explained

On April 6th, the UK Government will introduce the new Innovative Finance ISA to allow individual savers to earn tax-free interest from peer to peer lending.

As many as 400,000 savers are expected to lend money via the new Innovative Finance ISA (IFISA), providing much-needed support to the UK's 5.2 million small and medium sized businesses (SMEs).

With the Help to Buy ISA and 2017's Lifetime ISA also being introduced, there is increasing confusion among savers as to where to put their money.

More information at: https://innovativefinanceisa.org.uk/