New year, new ISA allowance

Saving and investing up to £20,000 per year tax-free can be done effectively through ISAs up until the end of the tax year (April 5 2021). Triodos offers three ISA products, including the Innovative Finance ISA (IFISA) for crowdfunding eligible investments.

News

- 18 January 2021

Triodos ISA customers can seize the opportunity to use their ISA allowance to save or invest tax-free and support positive impact for the planet and people at the same time.

The bank offers three types of ISAs – Cash, Stocks & Shares and Innovative Finance which can all be held at one time within the standard £20,000 per year allowance for all ISA products. The value of tax savings depend on personal circumstances and tax rules can change over time.

For anyone who has an Innovative Finance (IFISA) and wants to use more of their ISA allowance before the end of the tax year there are new IFISA eligible bonds on their way.

The new tax year starts on 6 April 2021 bringing with it the next year’s allowance and also offers the opportunity for anyone not investing tax-free through an IFISA the opportunity to do so.

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Investments offered on this platform are not readily realisable, which means that they may be difficult to sell and you may not get back the full amount invested. Investments are not covered by the Financial Services Compensation Scheme (FSCS) and your capital is at risk and returns are not guaranteed. Repayment of capital and interest or payment of dividends will be dependent on the success of the organisation's business model and past performance isn’t a reliable indicator of future performance. You should always read the offer document in full before deciding whether or not to invest as it will cover risks specific to an individual investment. You can read more about the general risks associated with making these types of investments. If you are unsure if any of these investments are right for you, you should contact an Independent Financial Adviser.

Triodos Bank UK Ltd. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales No. 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008.