--- title: IF-ISA, beginner's guide to earning £1m Interest Tax-free! description: IF - ISA, beginner's guide to earning £1m Interest Tax-free! image: https://news.kuflink.com/hubfs/Kuflink%20Power%20of%20compounding%20slow%20and%20steady%20wins%20the%20race%20chart%20copy-1.png --- [![Kuflink Logo](https://news.kuflink.com/hs-fs/hubfs/Logo1-1.jpg?width=1000&height=228&name=Logo1-1.jpg "Kuflink Logo")](http://kuflink.com) [Sign in](https://invest.kuflink.co.uk/login) [Sign Up](https://invest.kuflink.co.uk) #### ![](https://news.kuflink.com/hubfs/Icons/blog-header.svg)The Kuflink Peer to Peer Investor Blog **Publish at: **2023-10-09 12:40:51 # IF-ISA, beginner's guide to earning £1m Interest Tax-free! Earn £1m Interest Tax-free, using a simple UK Tax idea.*     **What is an ISA?​** ISA is an ***Individual Saving Account*** with TAX-FREE benefits on your earnings from this account. **How many types of ISAs are there?​** There are four types of Individual Savings Accounts (ISA): 1. Cash ISA; 2. Stocks and shares ISA; 3. **Innovative Finance ISA (IF-ISA); **and 4. Lifetime ISA You can put money into one of each kind of ISA each tax year. **Who can open an ISA?** You must be: 16 or over for a cash ISA 18 or over for stocks and shares or **Innovative Finance ISA** 18 or over but under 40 for a Lifetime ISA You must also be either: • resident in the UK • a Crown servant (for example, diplomatic or overseas civil service) or their spouse or civil partner if you do not live in the UK You cannot hold an ISA with or on behalf of someone else. **How does an IF-ISA work?** An innovative finance ISA lets you use your tax-free ISA allowance while investing in peer-to-peer (P2P) lending. [Peer-to-peer lending](https://www.kuflink.com/peer-to-peer-lending/) is a form of investing where you directly lend money to borrowers and businesses. The borrowers then pay back the borrowed amount, with interest on top. The interest they pay is the return you get on your investment. You earn this interest tax-free. Investors ([IF-ISA](https://www.kuflink.com/innovative-finance-isa/) holders) are linked with borrowers. A borrower could be a business, an individual or a property developer. So, with an Innovative Finance ISA, your IF-ISA account contains P2P loans. With a cash ISA, it has cash, and with stocks and shares, it includes stocks and shares. **Dates and limits to Watch out for** 1. IF-ISA Allowance 2023/2024 - £20,000 - **Expires** on 5th April 2024: 23:59 - You lose any unused allowance and the opportunity to earn tax-free interest on this amount- **🐢** 2. IF-ISA Allowance 2024/2024 - £20,000 - **Starts** on 6th April 2023: 00:00 - **🐢** **Kuflink's £1m Tax-Free Interest Model** We would like to share the following model to show you how to earn over £1m in Interest, Tax-free.   Our Accountants, Compliance and Tech teams brainstormed in the boardroom and discovered a way to make over **£1m net Tax-free** **interest** using the Kuflink IF-ISA model*.  Being tax-free boosts your returns, and by compounding the tax-free earnings, you can watch your money grow even more over time. Kuflink's IF-ISA fits this model. Consider the following to **earn £1M TAX-FREE** from **Kuflink's 5-Year IF-ISA at 8.05% *†**. (The concept works on **smaller amounts** as the percentage return is the same). ![£1m 1](https://news.kuflink.com/hs-fs/hubfs/%C2%A31m%201.png?width=703&height=804&name=%C2%A31m%201.png) ![£1m 1](https://news.kuflink.com/hs-fs/hubfs/%C2%A31m%201.png?width=703&height=804&name=%C2%A31m%201.png)   ![Kuflink Power of compounding slow and steady wins the race chart for linkedin-2](https://news.kuflink.com/hs-fs/hubfs/Kuflink%20Power%20of%20compounding%20slow%20and%20steady%20wins%20the%20race%20chart%20for%20linkedin-2.png?width=1051&name=Kuflink%20Power%20of%20compounding%20slow%20and%20steady%20wins%20the%20race%20chart%20for%20linkedin-2.png) **Kuflink Innovative Finance ISA (IF-ISA)  ** - Pays up to** 8.05%*† -  Tax-free** - Transfer a current Cash ISA, Stock & Shares ISA, Lifetime ISA or IF-ISA.* - Use your £20,000 annual tax-free allowance with Kuflink's IF-ISA* - Get started today with just £100 - Diversify funds across multiple secured loans. - Entire Pool secured against UK Property* (1st & 2nd legal charges) - Blended **LTV & LTGDV (circa 65%) ** - **Over £15m in ISA Transfers into** Kuflink from Major ISA Providers [Learn More](https://join.kuflink.com/kuflink)   * Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. **[Take 2 mins to learn more.](https://www.kuflink.com/legal/risk-warning/) [†Gross annual interest equivalent rate (compounded annually) - FAQ](https://kb.kuflink.com/knowledge/annual-interest-equivalent-rate) ** Kuflink Ltd is authorised and regulated by the Financial Conduct Authority (FCA) (Registration Number 724890). Kuflink Ltd has its registered office at 21 West Street, Gravesend, Kent, DA11 0BF, under company number 08460508.  Kuflink Ltd has been approved by the Board of HM Revenue and Customs to act as an ISA manager in May 2017 to offer Innovative Finance ISAs – ISA manager No – Z1943. ### Our Awards ![BC-P2P-Award](https://news.kuflink.com/hubfs/BC-P2P-Award.png) ![Our Awards](https://news.kuflink.com/hubfs/Kuflink-June2019/image/BMF19multiWIN-altfund.png) ![Our Awards](https://news.kuflink.com/hubfs/Kuflink-June2019/image/SFI-squered.png) ![Our Awards](https://news.kuflink.com/hubfs/Kuflink-June2019/image/MCA19_cmnd-prtopryr.png) ![Our Awards](https://news.kuflink.com/hubfs/Kuflink-June2019/image/PWA-Logo-CMYK.png) ![preview (1)](https://news.kuflink.com/hubfs/Awards%20Logo/preview%20(1).png) | | | --- | | | | | --- | --- | | | | --- | | | | | Share to Facebook Facebook Facebook Share to Twitter Twitter Twitter [Share to LinkedIn LinkedIn LinkedIn ](http://www.linkedin.com/shareArticle?mini=true&url=https://news.kuflink.com/investors/if-isa-beginners-guide-to-earning-1m-interest-tax-free) [ Kuflink Soars: Doubling Profits and Delivering More in 2024 ](https://news.kuflink.com/investors/kuflink-soars-doubling-profits-and-delivering-more-in-2024) [ IF-ISA, beginner's guide to earning £1m Interest Tax-free! ](https://news.kuflink.com/investors/if-isa-beginners-guide-to-earning-1m-interest-tax-free) [ Is Peer to Peer Lending Safe? 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This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. **[Take 2 mins to learn more.](https://www.kuflink.com/risk-warning-summary/)**  † Gross annual interest equivalent rate (compounded annually (Pool) / monthly (Select)) - [FAQ](https://kb.kuflink.com/knowledge/annual-interest-equivalent-rate)   [![Apple play](https://news.kuflink.com/hs-fs/hubfs/Apple%20play.png?width=150&height=45&name=Apple%20play.png)](https://apps.apple.com/gb/app/kuflink-p2p-investments/id1398370769) [![google play](https://news.kuflink.com/hs-fs/hubfs/google%20play.png?width=155&height=46&name=google%20play.png)](https://play.google.com/store/apps/details?id=com.kuflink.invest) [![Web Platform](https://news.kuflink.com/hs-fs/hubfs/Web%20Platform.png?width=150&height=45&name=Web%20Platform.png)](https://invest.kuflink.co.uk/)        Copyright © 2023 Kuflink Group Plc. All Rights Reserved. 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Kuflink Ltd has its registered office at 21 West Street, Gravesend, Kent, DA11 0BF, under company number 08460508. Kuflink Ltd has been approved by the Board of HM Revenue and Customs to act as an ISA manager in May 2017 to offer Innovative Finance ISAs - ISA manager No - Z1943. Kuflink Bridging Ltd is authorised and regulated by the Financial Conduct Authority (FCA) (Registration Number 723495). Kuflink Bridging Ltd has its registered office at 21 West Street, Gravesend, Kent, DA11 0BF under company number 07889226. Kuflink One Ltd is authorised and regulated by the Financial Conduct Authority (FCA) (Registration Number 922026). Kuflink One Ltd is registered in England at 21 West Street Gravesend, Kent DA110BF under company number 12206864. © 2021 Kuflink Group Plc. All rights reserved. Kuflink ® is a registered European Community trademark (No. 1553541 & 1553358) and a registered United States trademark (No.  79295020 & 79295083) of Kuflink Group Plc. *Capital is at risk and Kuflink is not protected by the FSCS. Past returns should not be used as a guide to future performance. Securing investments against UK property does not guarantee that your investments will be repaid and returns may be delayed. Tax rules apply to IF ISAs and SIPPs and may be subject to change. Kuflink does not offer any financial or tax advice in relation to the investment opportunities that it promotes. Please read our risk statement for full details. © 2021 Kuflink Group Plc