What is the annual IFISA allowance?

The annual IFISA allowance for the 2023/24 tax year is £20,000. This is the same as the ISA allowance as a whole for the tax year, meaning investors can therefore invest all or part of their allowance into an IFISA.

Read more:download the IFISA guide


The maximum amount that investors are allowed to subscribe to an IFISA in the 2023/24 tax year is £20,000.

The annual ISA allowance has changed over the years - increasing from £15,240 to £20,000 in 2017/18, where it's stood ever since - and the IFISA has followed suit.

Here's an overview of the annual IFISA allowance since it's introduction in the 2016/17 tax year;


When looking at how many IFISAs you can have each year, you can open and subscribe funds to one IFISA per year. However, you can choose whether to allocate your entire ISA allowance to your IFISA, or only part of it - as your annual ISA allowance can be split between accounts. 

It's important to note that IFISA transfers work a little differently. If you transfer funds from a Cash ISA or a Stocks and Shares ISA into an IFISA, the amount transferred is not deducted from your annual ISA allowance (as long as you follow the correct transfer process set out by your provider). 

For exampleif you had not yet used any of your 2023/24 ISA allowance and decided to transfer £10,000 that you allocated to a Cash ISA in the 2022/23 tax year, you would still have your full 2023/24 allowance available to subscribe.



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.

The Innovative Finance ISA Guide