Putting my P2P fundsin into an 'IF' ISA?

CrispySte

Hi all, I have funds invested in several P2P platforms. I have held these for some time now but I pay tax on the earnings.

I've been made aware of the new IF ISA. This is great, I can park my funds tax free in it.

However, I can only open one IF ISA. How do I put all of my P2P investments into it?

Many Thanks in advance for your advice!

eskbanker

This issue was touched on in this recent thread - to the best of my knowledge there isn't any facility to transfer existing investments into these ISAs, i.e. assuming they follow the same pattern as other types of ISA, you'll have to pay cash in and invest thereafter once the money is in the ISA shelter.

masonic

You can open an unlimited number of IF ISAs. You can pay new money into one per tax year. So you need some ISA money from previous tax years that you can transfer if you wish to hold multiple IF ISAs..