IF ISA

According to the latest data from TISA, the value held within Innovative Finance ISAs (IF ISAs) increased by more than six times over the course of 2018. The value held in the tax wrapper, as at December 2018, was over £581m. This compares with just over £91m in January of the same year. The most recent data from TISA also reveals that the number of open IF ISAs stands at 43,465 and that the average value is £13,369.   Why the boost in demand? It’s worth noting that the IF ISA is a very new tax wrapper. It was only… continue reading