Don't invest unless you are prepared to lose all the money you invest. These are high-risk investments and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Don't invest unless you are prepared to lose all the money you invest. These are high-risk investments and you are unlikely to be protected if something goes wrong. Take 2 mins to learn more.
Unlike traditional Cash ISAs and Stocks and Shares ISAs, an IFISA allows investors to participate in alternative investments, such as Downing Bonds, whilst earning tax-free returns. This is an attractive prospect for those who may have already maximised their personal savings allowance for the year (£1,000 for basic-rate tax payers, and £500 for higher-rate tax payers).
An IFISA does not reduce the risk of the investment or protect you from potential losses, so you can still lose all your money. It simply means that any potential gains from your investment will be tax free.
Opening an IFISA account with us is straightforward.
Existing members simply log in to your account, click on ‘Open IFISA account’ from your Investor Dashboard and submit your National Insurance number (this is for HMRC purposes).
If you have not already registered with the Downing Bonds platform, start by registering as a member and then follow the steps above to set up your IFISA account. Accounts are typically approved within 2 working days.
Please note that you need to transfer funds into your IFISA account before you can place an order in any of our Bonds.
Individuals who are over 18, a UK resident and hold a valid National Insurance Number are eligible to apply for an IFISA; provided they have not already subscribed to another IFISA in the current tax year.
The main benefit of the IFISA is that you can invest in our Bonds without being taxed on any interest you earn. If you would like to find out more information on how to set up an IFISA, please contact a member of the team at crowdfunding@downing.co.uk.
An IFISA does not reduce the risk of the investment or protect you from losses, so you can still lose all your money. It only means that any potential gains from your investment will be tax free.
There is no limit to how much you can invest via the Downing IFISA, but you are restricted on how much you can deposit. The ISA allowance for this tax year is £20,000, which you can invest in a Cash ISA, a Stocks and Shares ISA, an Innovative Finance ISA, or any combination of the three. However, you can only subscribe to one of each type per tax year and the combined amount deposited must not exceed the ISA limit for the relevant year.
Existing ISAs using previous years’ allowances can be transferred to a Downing IFISA at any time. If you would like to find out more information on how to transfer funds from an existing ISA, please contact a member of the team at crowdfunding@downing.co.uk.
An IFISA does not reduce the risk of the investment or protect you from losses, so you can still lose all your money. It only means that any potential gains from your investment will be tax free.