Loan Exchange
Buy and sell loans loans with our community
Buy and sell loans loans with our community
IFISA
With individual Ablrate loans paying interest from 9% to 15% p.a you could increase your current ISA returns, even if an average number of loans didn’t perform as they should. Our lenders have over £10 million in their Ablrate IFISA which is being loaned to companies who are using their assets as security for those loans.
Your capital is at risk when investing in loans to businesses. The tax free status of the IFISA is dependent on individual circumstances and maybe subject to change in the future.
What is an Ablrate Innovative Finance ISA?
Ablrate began offering their IFISA in August 2017, specifically designed for Ablrate Lenders. It is a flexible IFISA which means you can withdraw money from your IFISA and put it back in the same tax year without affecting your annual allowance. Everything can be managed through our platform and there is no charge to maintain your IFISA.
Our borrowers are primarily UK based and all loans are asset backed. This means that your loan is secured by collateral, or assets, provided by the borrower. While this does not guarantee you will receive all of your capital and interest back it does offer a better level of security than unsecured loans.
We post full details of the borrowing company and the loan in a borrowing proposal. It is then up to you to choose whether you would like to invest or not. Lenders have invested over £10 million through the Ablrate Innovative Finance ISA.
The tax benefits available in an IFISA are subject to status, subject to change and your capital is at risk
Everything can be managed through our platform and there is no charge to maintain your IFISA.
Opening an account takes less than 5 minutes. All you need is to open an account and have your National Insurance number handy.
We accept ‘Transfers In’ from your other cash ISA, Stocks and Shares ISA or even other Innovative Finance ISAs. Ablrate’s IFISA also offers the option to buy new loans and sell existing loans in our community with our Loan Exchange, which helps to manage the risks and your expectations of cash flow. While we cannot guarantee there will be buyers and sellers of loan we do trade circa £700,000 per month on the Loan Exchange.
The tax benefits available in an IFISA are subject to status, subject to change and your capital is at risk
How it works
You will need to open an Ablrate Standard account initially. Once you have been approved for an account, which can take as little as 5 minutes, you click on ‘Open and IFISA’ in your dashboard. The process is straightforward and quick and you can be ready to invest tax free in a matter of minutes (subject to status).
Register for an Ablrate Standard Account
Log in to your Standard Account and click ‘Open an IFISA’
Have your National Insurance number to hand and follow the process
You’re all set up and ready to transfer-in, deposit and start lending
Frequently asked questions
What are the risks of lending?
Treating customers fairly is not just a regulatory obligation, it is at the core of our philosophy and practices. Inherent in this is explaining the risks of investing in loans requested by borrowers on our platform. We urge you to read the risk warnings below and consider these risks before making any commitment. Your capital is at risk and any potential interest payments are also at risk should a loan default. RISK FACTORS AN INVESTMENT IN LOANS ON ANY PEER LENDING PLATFORM IS SPECULATIVE AND INVOLVES RISK. EVEN LOANS THAT ARE BACKED BY ASSETS, SUCH AS THOSE ON ABLRATE, HAVE A POTENTIAL FOR DEFAULT WHERE A LENDER COULD LOSE ALL OF THE FUNDS INVESTED. ACCORDINGLY, PROSPECTIVE INVESTORS SHOULD CONSIDER THE FOLLOWING RISK FACTORS. THESE RISK FACTORS MAY NOT BE A COMPLETE LIST OF ALL RISK FACTORS ASSOCIATED WITH A LOAN VIA ABLRATE. Investing in loans involves a high degree of...
What is an IFISA
An ISA is an Individual Savings Account and is not a product in its own right. An ISA is a ‘wrapper’ in which you can shelter savings and investments from tax. There are multiple types of ISA available; a cash ISA, a stocks and shares ISA, an Innovative Finance ISA, a Lifetime ISA and a Help To Buy ISA. The Junior ISA is available to those under 18. You can put money into an ISA, up to a set limit each tax year. This limit is known as your ‘ISA allowance’. Any returns or gains made from money placed in an ISA are not subject to income and capital gains tax. You don’t even need to declare ISAs on your tax return. The IFISA allows individuals to use their annual ISA allowance to lend funds through investments such as loan based crowdfunding or Peer-to-Peer (P2P) lending and crowdfunded debt securities....
What is a peer to peer lending ISA?
A ‘peer to peer lending ISA’ is just another expression used to describe the Innovative Finance ISA. It is described by some as a peer to peer lending ISA. This is simply because it can be used to lend through peer to peer platforms on a tax free basis. The term ‘peer to peer lending ISA’ is also a little misleading for lending sites such as Ablrate. Strictly speaking we are a peer to business platform where individual and corporate lenders come together to finance asset backed transactions. Peer to peer lending would be where an individual lender lends to other individual like on Zopa for example. We classify ourselves as an ‘online lending exchange’ simply because your lending, and the loans that result, can be exchanged with other members of our community, much like a stock or bond market. A peer to peer lending ISA is a great way...
Can I fund my IFISA through a one off lump sum?
An individual can fund an IFISA however they wish to before the 5th April in that tax year to make use of that tax year’s allowance. They can invest a lump sum or spread the funding over the year, however they see fit.
PLEASE REMEMBER, REGARDLESS OF THE TAX BENEFITS, CAPITAL IS AT RISK Whether investments are held within a IFISA or in a general account, they are not covered by the FSCS; the government backed deposit insurance scheme that protects bank deposits including Cash ISAs. The tax benefits available in an IFISA are subject to status and your capital is at risk. The tax benefits of an IFISA are also subject to change by the government.
PLEASE REMEMBER, REGARDLESS OF THE TAX BENEFITS, CAPITAL IS AT RISK Whether investments are held within a IFISA or in a general account, they are not covered by the FSCS; the government backed deposit insurance scheme that protects bank deposits including Cash ISAs. The tax benefits available in an IFISA are subject to status and your capital is at risk. The tax benefits of an IFISA are also subject to change by the government.
What is the difference between a cash ISA, a stock and shares ISA and an Innovative Finance ISA?
Interest paid on a cash ISA is tax free and is suitable for short term savings – less than 5 years and interest is received on the savings at a fixed or variable rate. A stocks and shares ISA is a tax-efficient way to invest in shares and securities for five years or more, and when you want to participate in the potential growth in the stock markets. The Innovative Finance ISA allows lenders using online lending platforms, like Ablrate, to receive tax-free interest on their lending activities.
PLEASE REMEMBER, REGARDLESS OF THE TAX BENEFITS, CAPITAL IS AT RISK Whether investments are held within a IFISA or in a general account, they are not covered by the FSCS; the government backed deposit insurance scheme that protects bank deposits including Cash ISAs. The tax benefits available in an IFISA are subject to status and your capital is at risk. The...
PLEASE REMEMBER, REGARDLESS OF THE TAX BENEFITS, CAPITAL IS AT RISK Whether investments are held within a IFISA or in a general account, they are not covered by the FSCS; the government backed deposit insurance scheme that protects bank deposits including Cash ISAs. The tax benefits available in an IFISA are subject to status and your capital is at risk. The...
At what point can I transfer my ISA from another provider to you?
You can transfer your ISA at any time, you do not have to wait until the end of the tax year. You are able to transfer in cash from any eligible ISA that you hold from previous years allowances. We only accept transfers in cash i.e we do not hold stocks and shares, or other instruments. Money must be transferred across directly from your existing ISA account to the Ablrate IFISA. Please note you can not move this through a current or savings account as the funds will lose their ISA status. Our platform has a link that allows you to complete this process online and print off the forms required to complete your transfer.
PLEASE REMEMBER, REGARDLESS OF THE TAX BENEFITS, CAPITAL IS AT RISK Whether investments are held within a IFISA or in a general account, they are not covered by the FSCS; the government backed deposit...
PLEASE REMEMBER, REGARDLESS OF THE TAX BENEFITS, CAPITAL IS AT RISK Whether investments are held within a IFISA or in a general account, they are not covered by the FSCS; the government backed deposit...
