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