Fight climate change tax-free* with our ethical IF ISA account

A tax-free* investing account for eligible investors

The Lendahand Ethex IF ISA is designed to be simple to use and flexible to meet your needs:
  • Invest in projects you believe in from only £50
  • Set up a new IF ISA or transfer an existing ISA to us
  • Returns on your investment are tax-free
  • Withdraw your ISA earnings from your account at any time or reinvest them into another project

What is the Innovative Finance ISA?

The Innovative Finance ISA or IF ISA, was established in 2016 to enable investors to hold, tax free, peer-to-peer loans, and other approved crowdfunded debt instruments, such as bonds. The IF ISA was launched in recognition by the UK Government of the growing role that peer-to-peer lending is having in bringing investors and borrowers together outside of the mainstream banking sector. Lendahand Ethex offers its members the option of opening an IF ISA in which eligible investments can be held.

How the Lendahand Ethex IF ISA works

The Lendahand Ethex IF ISA is designed to let you get the same benefits you’re used to from a traditional Cash or Stocks & Shares ISA but enables you to invest into our crowdfunded bonds issued by Solar Companies. This gives you the freedom to use your money to help increase the access to off-grid solar for families in sub-Saharan Africa while balancing the risk of this kind of investment with the tax-free returns on any interest earned within your IF ISA.

Invest up to £20,000

The new IF ISA allows you to subscribe up to £20,000 in the 2019/20 tax year. All returns are tax-free, meaning you have more to reinvest into projects that ‘do good’. *Tax-free status is individual and subject to changes in legislation. Please consult a tax professional if you are uncertain about your eligibility.

Transfer your existing ISAs

If you have already built up tax-free savings in your ISAs in previous tax years you can transfer some or all of these funds to our IF ISA. You need to be a registered member of Lendahand Ethex to do so. 

Before starting an ISA transfer you'll need to sign-up and complete our registration process. Existing users need to be logged into their account before starting. To begin the ISA transfer process, from the Account button in the top-right of the screen, select IF ISA from the menu and click on New Transfer. 

For more details on the transfer process please click here.