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In the past years, Innovative Finance ISAs (IFISAs) has become very popular among the investors that allows them to invest in peer to peer lending and earn tax-free return. An IFISA allows you to lend money to individuals, business and property owners. The lending is carried out on P2P platforms. The maximum limit of an IFISA is £20,000 per tax year. Over time more and more people are getting interested in investing in Innovative Finance ISA. There are so many Innovative Finance ISA providers in the UK, so it may be difficult for you to choose one. All the providers vary in the type of borrowers you are lending to, level of diversification and rate of returns.

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