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.

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- 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 ISAsCash, 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.