What is the difference between an Innovative Finance ISA and a Cash or Stocks and Shares ISA?

The Innovative Finance ISA (IFISA) makes it possible to invest with peer‐to‐peer platforms such as Landbay, tax‐free. Currently, if you want to invest using your tax‐free ISA wrapper, you're restricted to two options:

  • Cash ISAs
  • Stocks and Shares ISAs

Only fully FCA authorised peer‐to‐peer platforms are able to offer IFISAs. Peer‐to‐peer lending is not covered by the FSCS like cash accounts, and capital is at risk. The only difference between investments in a Landbay Classic Account and a Landbay IFISA is that returns on the latter are tax free.

For more information, please see our IFISA page.

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