Opening an IFISA is a simple online process. When you find an IFISA-eligible investment that you are happy to go ahead with, you will have the option to continue with an IFISA. What happens next can often differ on a platform-to-platform basis, and will also depend on whether you are investing into a debt-based security or a peer-to-peer (P2P) loan.
It's important that, before deciding to go ahead with an IFISA eligible investment, investors carry out thorough research on the IFISA provider, and the investment itself.
When investing into debt-based securities, investors will be required to classify themselves as either a sophisitcated investor, high-net-worth individual or professional investor in the first instance. This is because only investors with the forementioned classifications are eligible to invest into debt-based-securities.
Then - for both P2P loans and debt-based securities - investors will create an online account on their chosen platform, which they will be able to access to view the performance of their investment(s).
P2P lending platform, overview of lending process
Debt-based securities platform, overview of lending process
CARLTON Bonds are an IFISA provider specialising in fixed term property bonds.
Against a backdrop of low interest rates and a volatile stock market, the IFISA can provide an attractive investment opportunity for experienced investors.
With the ability to hold peer-to-peer loans and debt-based securities, IFISA investments have the potential to generate higher rates of return than more traditional investment routes for investors with a greater appetite for risk.
To find out more, download our free IFISA guide.