2018: The Year of the IF-ISA
You could be earning up to 5.35% interest pa* with an Innovative Finance ISA; the latest addition to the ISA family and a growing financial trend for 2018!
With bank rates at a constant low and inflation rising, your money could, in real terms, be losing value in a traditional savings account. If you are keen to earn a fantastic rate of interest from your savings this year, then an Innovative Finance ISA could be exactly what you’ve been looking for. Furthermore, with industry experts forecasting IF-ISAs to take off in 2018, there has never been a more opportune moment to consider alternative ways to earn a better return on your money. Don’t let your financial goals be among the 80% of New Year’s resolutions which are broken within the first 6 weeks!
What is an Innovative Finance ISA?
An Innovative Finance ISA (IF-ISA) is the most recent addition to the ISA family, introduced by the UK Government in 2016, giving you the opportunity to use your £20,000 annual ISA allowance† to invest in peer-to-peer opportunities with the added benefit of tax-free interest.* IF-ISAs can offer much higher interest rates than many traditional Cash ISAs and their introduction builds upon the popularity of the peer-to-peer sector, through which more than £10 billion has already been invested in the UK.
How are IF-ISAs different to traditional ISAs?
Many traditional ISAs typically offer below 1% interest pa, whereas IF-ISAs can offer much larger returns. For example, Kuflink’s customers earn up to 5.35% interest pa* - that’s more than 5 times the average! Funds you invest in an IF-ISA count towards your £20,000 per annum tax-free savings allowance. †
What are the key features of Kuflink’s IF-ISA?
As well as offering a higher rate of interest than traditional Cash ISAs, Kuflink’s IF-ISA provides a hassle-free way to make your money work harder for you:
- Invest up to £20,000 pa tax free†
- Invest from just £100
- Invest for either 1, 3 or 5 years
- Earn a fixed rate of interest up to 5.35% pa* depending on the term you choose
- Transfer funds from your existing ISA provider for free**
- No account management fees
- We automatically diversify your investment, and your risk, across a portfolio of loans, generating interest from day one
- Secured against bricks and mortar
How does Kuflink’s IF-ISA allow you to benefit from house price growth?
Property experts are forecasting that UK house prices will rise by 13% in the next 5 years
Many believe that rising house prices only benefit property developers and landlords, but the continued growth of the UK property and rental markets provides security for Kuflink investors too! Funds invested in our IF-ISA are automatically diversified against various UK property-backed loans. As well as increasing the value of your investment backing, market growth helps to sustain a diverse portfolio of opportunities to suit our varied investor preferences.
At Kuflink, one of our top commitments for the New Year is to maintain that our investors have never lost a penny! Since our launch in August 2016 more than £11 million has been invested through our platform and more than 10,500 investments have been made, each resulting in solid returns for our investors.§
To earn up to 5.35% pa* register for a Kuflink IF-ISA today and ensure your 2018 gets off to a fantastic start.
*Capital is at risk. Rate based on 5-year fixed-term investment.
†Annual allowance set by HMRC for the 17/18 tax year
**Subject to exit fees from your existing ISA provider
§Past returns do not guarantee future returns. Investors are encouraged to seek independent financial advice.