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Welendus ISA

Earn up to 15% p.a. tax-free interest on your short-term peer-to-peer investment. Start saving now from £100 and up to your £20,000 annual tax-free ISA allowance. You can also transfer your previous years ISAs to Welendus.

Capital at risk. No FSCS cover.

Earn up to 15% p.a.

Short-term Flexibility

Provision Fund Cover.

What is the Welendus ISA?

ISA (Individual Savings Account) allows UK residents and tax payers to earn tax free interest on savings and investments in ISA accounts. Each individual has a tax-free allowance of up to £20,000 during the tax year 2018/19.

An Individual Savings Account (ISA) allows a person to earn tax free interest on cash, stocks and shares, and / or peer-to-peer investments. Each year, you can save up to the tax-free allowance limit, and you can also build up your ISA balance over the years.
Earn tax-free interest on your peer-to-peer investments up to your annual tax-free allowance (£20,000 for 2018/19), and on ISAs from previous years that you transfer in to Welendus.
Please note that the tax treatment depends on the individual circumstances of each client and may be subject to change in future. Please check the HMRC Website or seek professional advice.

Benefits of the Welendus ISA

The Welendus ISA offers great benefits of short-term flexibility, Auto-Diversify™, Auto-Match™ and it will be tax free. You will also benefit from our Provision Fund, great interest rates and have access to a high-performing market.
Choose your return from 5% to 15% p.a. Welendus loans are short-term and therefore you can expect your investment and earned interest to work harder as it will be lent out multiple times per year giving you extra compounded interest.
Fully automated Provision Fund. No form filling and no forms. Select how long you would like to wait on a missed payment. If the repayment is not made within your selected 7, 14 or 30 day period, the Provision Fund will automatically pay you out the principal and your funds are back in the lending queue.
Welendus Loans are short-term loans. This means that you are not locked up in any long term investments and can be as flexible as you are. Plus, you are also not exposed to the medium and long term economic uncertainties. This is what we call, real short-term flexibility.
Welendus Secondary Market is fully automated and will sell all or most of your investment in a blink with immediate pay-outs. If there is no other lenders matching your criteria, well, it is still a short-term investment. So no long waits.
Using Welendus you just need to set your lending criteria and Welendus Auto-Match™ algorithms will do the hard work for you. Now you can relax and watch your hard earned money work for you.
Welendus loans are a maximum of £500. To better protect your investment your investment can be diversified by a maximum of 20% amongst our loan portfolio. To give you control you can adjust your diversification from anywhere between 5% to 20%.
Capital at risk. No FSCS cover.

How the Welendus ISA works?

  • Quick and simple registration
  • Choose your return and diversification
  • Invest
  • Start earning easily with peace of mind

How We Reduce Risks?

Provision Fund Cover

Fully automated provision fund. No form filling and no forms. Select how long you would like to wait on a missed payment. If the repayment is not made within your selected 7, 14 or 30 day period, the Provision Fund will automatically pay you out the principal and your funds are back in the lending queue.

Truly Diversified Investment

With Welendus Autodiversify™ you may invest in a minimum of 10 loans. This can be adjusted to 20 loans. So, with a small investment you can invest into 40-80 loans per year. This is what we call real diversification.

How Can You Access Your Money?

You can request to access your funds at any time upon investing. In the majority of cases investments should be made available promptly due to the effective operation of the secondary market. There are no fees to access your money but we have deployed a fair usage policy which may limit reinvests in the event of excessive withdrawals. Please note that we cannot guarantee immediate access but we are confident that due to the short-term nature of the loans and secondary market access to your funds will be a quick and easy process.

Eligibility Requirements

  • 18’s and over
  • Must have National Insurance Number
  • Only one innovative finance ISA per year
  • Minimum investment amount £100
  • Subscription limit of £20,000 per tax year
  • Individuals only
  • UK permanent resident and tax payer (excluding the Channel Islands and the Isle of Man)

Frequently Asked Questions

You can simply and quickly add savings to your Welendus ISA as well as transfer in your other ISAs. There is also no limit on the number of different ISAs you can transfer to us. Transfers In from previous tax years don't affect your current annual £20,000 ISA allowance, and there is no limit on how much you can Transfer In from previous years.

No. the Innovative Finance ISA is made up of Peer-to-Peer loans which are not covered by the Financial Services Compensation Scheme. However, you will have the benefit of our Provision Fund which aims to reimburse all our lenders for their principal losses. Subject to fund availability.

The Welendus ISA is an Innovative Finance ISA. It was be introduced by the UK Government in April 2016 specifically for peer to peer lending activities.

There are no fees applicable to set up a Welendus ISA. There are also no fees to transfer funds in or out.

You can transfer in by simply selecting the 'transfer in tab' in your 'My Accounts' page and by providing the following details – type of ISA, ISA Provider, ISA Reference Number, Amount to be transferred in. You can transfer out by simply requesting the funds to be withdrawn to your bank account. Please note that this may not be instant and will depend on if the funds have been lent out and if so if other lenders will purchase the investment from you. If we receive a transfer out request on your behalf from an ISA provider we will always verify the request directly with you.

Ready to Join Welendus?