This is a freeview 'At a glance' guide to Innovative Finance ISAs.

What is the Innovative Finance ISA? What are the conditions for investing?

At a glance

The Innovative Finance ISA is a new class of ISA available from 6 April 2016.

From 1 November 2016, the range of investments that can be held in an Innovative Finance ISA is extended to include certain debentures issued by companies or charities, including those offered via crowdfunding platforms.

A number of conditions have to be met regarding the issuer, debentures, and investor:

This expansion of the Innovative Finance ISA was previously announced and consulted on in 2015, with draft legislation published in August 2016 which came into force from 1 November 2016.

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