IF-ISA

No, an ISA can only be opened by an individual.

As long as you do not exceed your ISA allowance per tax year, you can split your funds across a combination of ISA providers.

Yes, you can transfer in from a building society Cash ISA. When using the online transfer form, you’ll need to provide your building society roll number.

No, an IF-ISA runs for the fixed term. Your capital will be repaid at the end of your investment term, dependent on borrower’s repayment performance.

Funds that are invested cannot be withdrawn directly and are tied into the investment for the duration of the investment term. If an underlying borrower does not repay within their contractual loan term, your funds may remain invested beyond the expected investment end date while repayment or recovery activity continues.

The Secondary Market may provide an opportunity to exit an investment earlier, subject to eligibility and another investor purchasing the investment:

• Select-Invest investments can be listed for sale on the Secondary Market, subject to the applicable selling criteria and a 1% seller’s fee.

• Pool investments can be listed on the Pool Secondary Market. The full remaining balance must be listed and can be priced between 60% and 120% of its current value. There is currently no seller’s fee for the Pool Secondary Market.

A sale is not guaranteed and will depend on demand from other investors. Until a sale completes, the investment remains yours and any repayments will continue to be applied as normal.

Funds that are already available in your Kuflink wallet can be withdrawn and will usually be returned within 5 working days. Compliance checks may be carried out which can delay the timeframe of your withdrawal being completed, you will be contacted if your request requires further checking.

Yes, there are personal savings allowances, which are subject to change from Government and Taxation policy. Please refer to the link below for the up to date information. You are also entitled to contact an Independent Financial Advisor (IFA) if you feel this may be of assistance.

Tax on savings interest — GOV.UK

No. There is no tax payable on your interest, subject to you having met HMRC’s ISA allowance criteria.

No, we do not charge any management fees.

For our full list of applicable fees, please visit Fees & Charges.

Yes. You can view and download your interest statements at any time through your Kuflink account.

To access your statements:

1. Log in to your Kuflink account and select Account Overview from the left-hand side menu.

2. Select Statements to view and download your interest statements. You can filter between the dates, and information required via the suitable fields.

Your Tax Certificates are also available within the Account Overview section. Select Tax Certificates and use the available fields to choose the information you would like included and the relevant date range.

Once you have selected the required information and dates, select Download to generate your certificate.

Interest held within an IF-ISA is tax-free and therefore does not need to be included when generating a tax certificate.

Yes, we do accept transfers in from other ISA managers.

You can add funds to your current Kuflink IF-ISA through the top up page via bank transfer, debit card or Payit. Any funds you add will initially be credited to your General Wallet.

When you make an IF-ISA investment, the amount invested will form part of your ISA subscription for the relevant tax year and your remaining ISA allowance will be updated accordingly. Any repayments will then be returned to the applicable IF-ISA wallet (Current, or Previous) dependent on the timing of the repayment.

You can also transfer an existing ISA held with another provider to Kuflink. Once logged in, visit the Transfer ISA In page and follow the instructions to submit your transfer request. Once complete, the funds will be allocated to your Current or Previous wallet dependent on which tax year the amount links to.

When making an investment, make sure you select the appropriate IF-ISA option if you want the investment to be held within your ISA. Investments made outside of your IF-ISA cannot subsequently be changed to an ISA investment.

Contact your chosen provider that you wish to transfer out to. Once you have done this, request an ISA Transfer form from your new provider which can be completed either online or by post. Please ensure that you input your Kuflink Unique Transaction Reference Number on your new provider’s form. When this has been filled out and returned to the new provider, they will then coordinate with Kuflink to facilitate the ISA Transfer.

It can take up to 30 calendar days (HMRC guidelines only) to transfer an ISA out. Please keep this in mind.

You must be fully registered with Kuflink and have completed all required onboarding steps before you can activate your IF-ISA account.

If you are eligible, you will see the “Activate IF-ISA account” option on your dashboard.

Select this option, enter your National Insurance number, then read and confirm that you have read and accepted the IF-ISA Terms and Conditions and Statement of Declaration.

Once completed, your IF-ISA will be activated, and your ISA allowance will be set and displayed on your dashboard.

You can transfer an existing ISA held with another provider into your Kuflink IF-ISA.

To get started, log in to your Kuflink account, head to the Transfer ISA In page and follow the steps on screen to provide your transfer details.

Once completed, you will receive an email from DocuSign asking you to review and sign your Transfer Authority Form. Once signed, the form will automatically be submitted to us.

We will then contact your existing ISA provider and manage the transfer process on your behalf. We will keep you updated on the progress of your transfer along the way.

Once the transfer has been completed and the required information has been received from your existing provider, the transferred funds will be made available in the appropriate wallet for you to invest through your Kuflink IF-ISA.

Please refer to HMRC’s Individual Savings Accounts guidance.

The minimum age is 18 years old.

To transfer your Kuflink IFISA to another provider there is no cost.

Looking to transfer out your IF-ISA from Kuflink to another ISA provider?

Firstly, have you considered our other investment options or did you require any assistance, please contact our Investor Relations team on 01474 334488.

If you are still wishing to transfer out your IF-ISA away from Kuflink you will need to instruct the receiving ISA provider of this. Once they have sent this request to us and your loan has reached maturity we will transfer your funds, minus a £0 transfer out fee, within 15 working days/30 calendar days (as set by HMRC)

All correspondence will be made with your new provider however, we will send updates on the status of your transfer when applicable.

You can transfer available funds between your Kuflink wallets directly from the Your Wallet page, which is accessible in the top-right hand corner drop down menu.

Under ‘Transfer Amount’, select the wallet you would like to transfer funds from, followed by the wallet you would like to transfer them to. Enter the amount and select ‘Transfer’.

When transferring funds from your General Wallet into your IF-ISA (Current) Wallet, any amount transferred into your IF-ISA must be within your available allowance and is subject to ISA eligibility.

If you transfer funds from either of your IF-ISA wallets into your General Wallet, the funds will leave the ISA wrapper. You should consider this carefully before completing the transfer. Only the Current IF-ISA funds offer a flexible ISA meaning the funds can be replaced, any funds removed from the IF-ISA Previous wallet cannot be replenished.

If you intend to transfer your IF-ISA to another ISA provider, funds should remain within your IF-ISA wallet and be transferred using the formal ISA transfer process to retain their ISA status.

When an IF-ISA investment is repaid, the funds will automatically return to the relevant IF-ISA wallet based on the tax year they relate to.

Within your Kuflink account, your available funds may be displayed across different wallets depending on their ISA status.

General Wallet

This shows funds held outside of an ISA. Funds added to your Kuflink account will initially be credited to your General Wallet.

ISA Current

This shows available funds held within your IF-ISA that relate to the current tax year. Your Kuflink ISA allowance will reflect subscriptions made through Kuflink and will not include any ISA allowance used with other ISA providers.

ISA Previous

This shows available IF-ISA funds relating to previous tax years. These funds remain within the ISA wrapper and can be used to make eligible IF-ISA investments without affecting your current tax year allowance.

When investing, make sure you select the appropriate wallet and IF-ISA investment option. If an investment is made outside of your IF-ISA, it cannot subsequently be changed to an ISA investment.

ISA rules and allowances may change in line with HMRC requirements.

Please refer to the link below for the up to date information. You are also entitled to contact an Independent Financial Advisor (IFA) if you feel this may be of assistance.

Tax on savings interest — GOV.UK

Please refer to the link below for the up to date information.

Individual Savings Accounts: if you move abroad — GOV.UK