How the Mongoose Crowd ISA works
Invest in projects with impact and get a real return on your money. The Mongoose Crowd ISA is designed to let you get the same benefits you’re used to with your cash ISA by investing in our range of mini bond investment opportunites. This means you get the comfort of knowing your investing in a renewable energy project with long-term prospects and the security that your returns are yours to keep, while you choose to keep your investments in the ISA.
Here are the highlights
The Mongoose Crowd ISA is designed to be simple to use and flexible to meet your needs:
- Invest in projects from only £100
- Set up your ISA or transfer an existing ISA over to Mongoose Crowd
- Earn returns tax free
- Withdraw your ISA earnings from your e-wallet at any time or reinvest into another project
- Transfer or cancel your ISA
What is the Innovative Finance ISA?
Established in 2016 to enable investors to hold, tax free, peer-to-peer loans, mini-bonds and other approved debt instruments. The ISA was launched by the UK government in 2016 to recognise the growing role that peer-to-peer lending is having in bringing investors and borrowers together outside of the mainstream banking sector.
Mongoose Crowd offers its members the option of opening an Innovative Finance ISA in which eligible investments can be held.
Invest Up to £20,000
The new IF ISA allows you to subscribe up to £20,000 in the 2017/18 tax year. And you can reinvest the returns you earn without being taxed.
If you have already built up tax free savings in Cash or Stocks & Shares ISAs in previous tax years you can transfer some or all of these funds to an IF ISA. You need to be a registered member of Mongoose Crowd and the process is completely online. For more details on the transfer process please click here