This process is known as a Bed & ISA and is not yet possible with the new Innovative Finance ISA. Interest or capital paid on an existing bond can, however, be transferred into your IFISA account as part of that year’s subscription. The transferred funds can then be invested in an open bond or future offers, with returns being tax-free.
Articles in this section
- What is an IFISA?
- Who is eligible for an IFISA?
- How much can I invest in an IFISA?
- What are the tax benefits of a Downing IFISA?
- How do I open my IFISA account with Downing Crowd?
- How does the Downing IFISA work?
- Can I transfer in existing ISAs?
- Is there a charge for transferring funds to my IFISA account?
- Can I still invest in a Crowd Bond without an IFISA wrapper?
- Can I transfer existing Downing Crowd Bonds into my new IFISA?