Set up an Abundance ISA

You can open an Abundance ISA online and be ready to invest in just 5 minutes.

If you are an existing customer you can set up an Abundance ISA with just a few clicks once you are signed in to your account. If you don’t already have an account with us you will need to sign up first, but this doesn’t take long either and is totally free. We have laid out the process for you below.

  1. Check eligibilty

    You must be a UK resident to set up an Abundance ISA. To check this, we will ask for your National Insurance number as part of the setup process.

  2. Set up your ISA

    Once you are signed in to your account you will see the option to set up an Abundance ISA. If you don’t already have an Abundance account it’s free to set one up and get started.

  3. Make subscriptions

    Once your Abundance ISA is set up you can start making subscriptions up to the maximum annual allowance of £20,000 via debit card or bank deposit. If you have a Cash and/or Stocks & Shares ISA in the same tax year, you need to make sure your annual subscriptions across all of your ISAs do not exceed the limit for the 2017/18 tax year.

    You can only subscribe to one IF ISA in each tax year – but there is nothing to stop you transferring existing ISA savings from previous tax years into an Abundance ISA. Read more.

  4. Get a 2% AER return on your ISA cash

    Until 31 May 2017 we are offering a 2% AER (Annual Equivalent Rate) return on the cash balance of your Abundance ISA*. This means you can start earning a tax free return on your ISA cash before you invest it into projects.

    We have a range of projects launching over the coming months for you invest in before the promotional period ends. But you are free to keep your cash in your Abundance ISA once it has been subscribed, which means you can build your portfolio of ISA investments with us over a timescale that suits you. Learn more.

  5. Invest

    Your ISA funds will be held as cash in your Abundance ISA account, ready for you to invest in projects. It’s up to you exactly which projects you invest in and how much you would like to put in to each as there is only a £5 minimum investment per project. You can view our current open projects here.

* 2% AER (Annual Equivalent Rate) return will be paid by Abundance on the cash balance of your Abundance ISA from 21 February 2017 until 31 May 2017. Returns will be calculated on your daily cash balance from 21 February until 31 May 2017, and will be paid into your Abundance ISA as a single payment within 3 working days of 31 May 2017.

Funds are held by the Client Money Service Provider in accordance with the Abundance Service Terms & Conditions and the ISA Terms & Conditions. Abundance may withdraw or change the 2% AER return offer at any time so that it is no longer available or it is limited to a maximum number of new subscribers. The opening of an ISA is subject to the Abundance ISA Terms & Conditions.

As with any investment product there are risks. Part or all of your original invested capital may be at risk and any return on your investment depends on the success of the project invested in. You should be prepared to hold Abundance investments for their full term (and many will have terms of more than 15 years). Abundance investments may not be readily realisable (and their value can rise or fall). They may be secured or unsecured, and where they are secured this does not ensure repayment. Estimated rates of return can be variable and estimates are no guarantee of actual return. Specific risks will apply in relation to each product. Consider all risks before investing and read the Offer Document for each investment.