4th March 2024
Interested in transferring your ISA? We understand. The financial industry has been long overdue for modernisation. The UK is at the forefront of this movement, leveraging innovative financial technology, or FinTech, to revolutionise capitalism, offering consumers alternatives and promoting wealth and social mobility.
IFISAs allow you to directly invest in individuals or businesses in return for a profit, bypassing traditional banks. Platforms in this sector have developed a fresh approach to offer more direct and higher-paying investments.
In the past, investors have been limited to investing in a small selection of multinational corporations, forming a traditional stocks and shares portfolio that is often inefficient and may raise ethical concerns. These limitations are not exclusive to the United Kingdom, and the constant influx of investor funds into the same multinational businesses poses a systemic risk to our economy. Thanks to IFISAs, we can now free funds from corporate control and invest in small and medium-sized businesses.
Stocks and Shares ISAs typically yield returns through dividends or increases in a company's share price, which can be unpredictable and dependent on market conditions. Cash ISAs, on the other hand, generate returns through interest on the deposited funds. However, due to their low-risk nature, they offer minimal rewards with low-interest rates. In contrast, IFISAs generate returns through the interest earned on loans extended to growing businesses.
At Crowd2Fund, we provide an added feature that enhances flexibility. Our platform was honoured as the Most Innovative P2P Platform at the Moneynet Awards for three years running, and one of the reasons is our secondary market: The Exchange. While there are certain requirements to be met to trade, you can utilise our exchange to buy and sell your investments.
Are you interested in backing British Businesses and growing the UK economy?
Transfer your ISA by following the steps below:
- Create your Crowd2Fund Account
- Activate your IFISA and submit the ISA transfer form on your dashboard.
- We handle the rest
Remember, the tax year ends on the 5th of April, so make sure you get your ISAs moved before then to ensure you maximise your use of your allowance.
Past performance and forecasts are not reliable indicators of future results. Tax treatment of any of the investment offers will depend on the individual circumstances of each investor and may be subject to change in the future. If you are unsure about any aspect of the information provided by the company, you should seek advice from an independent financial adviser. Do not invest more than you can afford to lose. Investing in start-ups and early stage businesses involves risks, including illiquidity, lack of dividends, loss of investment and dilution, and it should be done only as part of a diversified portfolio. Investing in start-ups may expose the individual concerned to a significant risk of losing all of the money or other assets invested. Peer-to-business lending through Crowd2Fund is not the same as holding a bank or building society savings account. 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. It may prove impossible to recover all or part of the loan by calling in the business assets held as security on that loan. Reward and Donation funding types are not regulated by the Financial Conduct Authority Crowd2Fund Limited is authorised and regulated by the Financial Conduct Authority (FRN 623683). Crowd2Fund Limited is registered in England and Wales. Registered No. 08472687 Registered Address: 242 Acklam Road, London, W10 5JJ.
