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Date Published: 2021-03-26

The Individual Saving Account, ISA, is a fantastic saving and investing invention. It wraps around your savings and investments, protecting them from tax on interest, profits and dividends, and is a wonderful way to build long-term wealth.

  1. ISA’s were launched on the 6th April 1999, allowing investors to save just £3,000 into a Cash ISA. In the 2021/2022 tax year you can now invest up to a maximum of £20,000 in your ISA
  2. It is now estimated that there are over 1,000 ISA millionaires in the UK who have made full use of their ISA allowance each year, but if you don’t use it you lose it
  3. By the end of the 2018-2019 tax year, over 22 million Adult ISA’s have been opened with a value of £584 billion
  4. The two most popular ISA’s are Stocks & Shares and Cash. Of the £584 billion held in ISA’s; £269 billion of that was held in Cash ISA’s and £314billion held in Stocks & Shares
  5. Of the 22m ISA’s opened; 11.4m are held by females and 10.5m are held by males and the average ISA market value is £26,180
  6. In April 2016, a third ISA, the Innovative Finance ISA (IFISA) was launched. This wraps around your P2P loan investments, protecting them from income tax
  7. Investments made via the IFISA wrapper are not covered by the Financial Services Compensation Scheme (FSCS) and Capital is at Risk
  8. Proplend is a HMRC approved IFISA Manager, allowing investors to make current year subscriptions or transfer in existing ISA holdings
  9. The Investing and Saving Alliance (TISA) has suggested that as of February 2020, over £1billion has been invested via the IFISA wrapper
  10. The Proplend IFISA is Flexible, which means you can withdraw previously deposited funds from your IFISA and as long as you replace them in the same tax year, they remain within your ISA wrapper
  11. Proplend IFISA investors earn regular tax free monthly interest by making loans to commercial property investors
  12. All loans are secured by a 1st legal charge against a commercial property. The property is collateral for the loan and offers some capital protection
  13. Proplend offers investors three different levels of Loan to Value (LTV) based risk. The lowest risk investment is capped at 50% of the property’s value
  14. As of today 26th March 2021 current Proplend IFISA account investors are earning an average of 6.49% p.a. after fees but before bad debt and taxes. Capital at Risk
Brian Bartaby
Brian
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