When investing on Abundance, you can choose to hold your investments through the portfolio of your choice, with two options available - Innovative Finance ISA (IFISA) or a General portfolio. You’ll be asked to choose a portfolio when you make your first investment, but you can also choose to open an IFISA portfolio beforehand.
What are the features of the different portfolio types?
Innovative Finance ISA (IFISA) portfolio
If you want to invest tax free, you can do so by opening an Abundance IFISA. Our Innovative Finance ISA can be held alongside any existing cash or stocks and shares ISAs you hold, and you will pay no tax on the returns you receive from the investments you make through it.
Features
Invest in any of the investments available on Abundance
Start from £5
Investment returns will be tax-free
Annual limit of £20,000 in total subscriptions (deposits) across all of your ISAs for the current tax year
Can be held alongside another type of ISA
Transfer money into your Abundance IF ISA from another ISA you already have
Transfer money out of your Abundance IF ISA to another ISA provider if you wish (it is not possible to transfer the investments to another provider, so you would need to sell your investments on Abundance first)
A flexible ISA, which means you can withdraw cash from your ISA and put it back in later in the year without losing any of your allowance.
No fees
Learn more about the Abundance IF ISA here.
Please remember, holding your investments in an IFISA does not reduce the risk of the investment or protect you from losses, so you can still lose all your money. It only means that any potential gains from your investment will be tax free. The tax treatment of your investment will depend on your individual circumstances and may change in the future.
General portfolio
A General portfolio is our general investment portfolio where your returns will be taxable but there is no annual limit on how much you can invest with Abundance.
Features
Invest in any of the investments available on Abundance
Start from £5
No annual limit on investing
Investment returns will be taxable
No fees