Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).

Read our full Risk Warning

Your capital is at risk and investments are not covered by the Financial Services Compensation Scheme (FSCS).


The UK Government introduced the Innovative Finance ISA (IFISA) on 6th April 2016. The IFISA allows individuals to use some (or all) of their annual ISA investment allowance to lend funds through the growing crowdfunding sector, whilst receiving tax-free interest and capital gains. The IFISA allows individuals to lend money through FCA regulated and approved peer-to-peer lending platforms. 

From 6th April 2018 the personal ISA allowance remains at £20,000. All interest earned within the Innovative Finance ISA is exempt from tax.

The Heritage Bond can be held in the Heritage Crowd Innovative Finance ISA, which means that any interest paid on the Bond is tax free. 

Investors who wish to use some or all of their 2018/19 ISA allowance to invest in this Bond need to open an IFISA account at  and transfer funds into that account before they invest. The annual allowance is currently £20,000 
and you can also opt to transfer additional funds in from external ISAs from previous tax years. There is no limit on the amount of existing ISAs that can be transferred into your IFISA. 

Any Bonds held by an individual or trust outside of an IFISA wrapper will have income tax deducted at source, details of which will be sent out at the time interest is paid and annually. Investors are responsible for their own tax reporting.

Income tax will not be deducted at source if the Bond is held in an IFISA or by a company.  Bonds can also be held in some SSAS wrappers, provided they accept non-standard assets (the Bonds are regulated but not listed, so are classed as non-standard assets). If you would like to invest through a SSAS wrapper, please contact the Heritage Crowd team and we will be happy to help with the approval and investment process.  It is not possible to invest through a SIPP wrapper.

The precise tax treatment of a Bondholder will depend on the Bondholder’s individual circumstances and the law and practice in force at the relevant time and may therefore be subject to change in the future. If investors are in any doubt about their tax position they should take appropriate financial and other advice from a suitably qualified professional. The comments above do not constitute advice and are of a general nature, based on current United Kingdom law and practice. They relate only to the United Kingdom tax treatment of interest payable on the Bonds. The comments do not deal with any other United Kingdom tax implications of acquiring, holding or disposing of Bonds, and relate only to the position of Bondholders who are the absolute beneficial owners of the Bonds. 

You can transfer your existing ISA in 3 steps

  • Read, understand and agree to the IFISA terms and conditions.
  • Enter your NI number and select your existing ISA provider. 

  • Complete information about the ISA you wish to transfer.
  • Type of ISA.
  • ISA account number.
  • Whether you have subscribed to the ISA you are transferring in the current tax year.
  • Amount you wish to transfer.
  • Submit your transfer request.

  • Print your ISA Transfer Request Form.
  • Check all details are correct.
  • Sign and date the form.
  • Post it to us.

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