Any returns within the ISA are tax‑free, but these investments can be higher risk. Your capital is not guaranteed, and returns depend on borrowers repaying their loans, meaning you could get back less than you invest and there is a risk you could lose all of your capital.  

IFISAs are generally considered suitable for experienced investors who are comfortable with investment risk. Contributions to an Innovative Finance ISA still count towards your total ISA allowance. 

Scottish Friendly does not provide Innovative Finance ISAs.