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.
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.
Once your Abundance ISA is set up you can start making subscriptions up to the maximum annual allowance of £15,240 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 2016/17 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.
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.
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.