If you’re looking to transfer ISA to Loanpad, here’s what you need to know before you start. All UK taxpayers can invest up to £20,000 per year across a variety of ISA accounts. For the current 2026/27 tax year, up to £20,000 can be invested in a Cash ISA, a Stocks and Shares ISA, or an Innovative Finance ISA (IFISA), while up to £4,000 can be invested in a Lifetime ISA.
You do not need to stick with the same ISA accounts forever. If your investment strategy changes, or you simply aren’t happy with an existing ISA account, it is possible to transfer your existing ISA balance into another account without any impact on your annual allowance. ISA transfers can be done at any time, and are very straightforward for the average account holder.
What kind of ISA does Loanpad offer?
Loanpad offers two IFISA-eligible accounts – our Classic Account and our Premium Account. Both accounts come with a minimum investment of just 1p, while the Classic Account has a maximum of £20,000 and the Premium Account is capped at £250,000. Withdrawals can be made daily from the Classic Account, but 60 days’ notice is required to make a withdrawal from the Premium Account. As of September 2026, the Classic Account was targeting 5% in returns, while the Premium Account was targeting 5.8%.
All of your £20,000 annual ISA allowance can be invested into one or both of Loanpad’s accounts. Alternatively, you can split your annual £20,000 allowance across a variety of IFISA, Cash ISA and Stocks and Shares ISA accounts, depending on your risk profile and investment strategy.
How do you transfer your ISA to Loanpad?
Transferring your ISA to Loanpad is easy. Just remember one important rule – all ISA transfers must be carried out directly between two ISA managers in order to preserve the ISA’s tax-free status. If you withdraw money from your existing ISA account and then pay it into a Loanpad account yourself, it will be treated as new ISA money rather than existing balance, and may effectively reduce your ISA allowance for that financial year.
Transferring an ISA to Loanpad can be done in just three easy steps:
Step 1 – To transfer an ISA to Loanpad, first you must open a Loanpad ISA account. Loanpad’s IFISA is available to people aged 18 or over who are UK residents, subject to its eligibility requirements. You will be asked to complete an appropriateness test before any money is deposited or transferred, to ensure that you are fully aware of the risks involved.
Step 2 – Next, you must complete the Transfer Authority Form in the ‘Cashier’ section of your ISA dashboard. A new form must be completed for every transfer you want to make. For example, if you wish to transfer £10,000 from a Cash ISA account, £20,000 from a Stocks and Shares ISA, and £10,000 from another IFISA, you will need to complete three different forms.
Once this form has been sent to Loanpad, we will contact your existing ISA provider and arrange the transfer directly.
At Loanpad, we aim to complete ISA transfers within 30 calendar days, although the actual timeframe can vary depending on the type of ISA being transferred and any restrictions that may apply.
Step 3 – Once the transfer has reached Loanpad, the money will appear in your ISA cash account. You can then move it into an ISA Classic or ISA Premium Account, where it will start earning interest.
| Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more. |
If you’re exploring how to invest in peer-to-peer lending, opening an account with Loanpad is one of the simplest ways to get started. Loanpad is one of the most established P2P lending platforms in the UK, and the premise is simple: open an account, add your funds and Loanpad will automatically spread your investment across a variety of property-backed loans, which will accrue interest daily.
Depending on the type of account you choose, you can either access your money instantly or by giving Loanpad 60 days notice. All accounts are eligible to be held within an Innovative Finance ISA (IFISA) which means that any returns are protected from taxation.
These are the benefits of opening a Loanpad account, but before you go any further it is important to be equally aware of the risks. P2P lending is not protected under the Financial Services Compensation Scheme (FSCS) so if you lose money you may not be able to recoup it. Capital loss is the key risk of any P2P lending platform – in the event of a borrower default, there is a chance that investor capital could remain unpaid.
Loanpad takes this risk very seriously and carries out strict due diligence on every borrower, as well as insisting upon collateral underpinning every loan. This means that if the borrower defaults on a loan, the collateral can be sold to pay investors. Loanpad also offers loans with very conservative loan-to-values, which further reduces the risk to investors. Due to these measures, not a single Loanpad investor has lost a penny of their capital to date. However, it is important to note that past performance is no guarantee of future success. We encourage all investors to do their own research before committing any funds.
How to Invest in Peer-to-Peer Lending With Loanpad: 5 Simple Steps
Once you have done your research and determined that you want to invest in peer-to-peer lending with Loanpad, the process is very simple.
- Register as a new user
This involves filing out a simple form here. To open an account you must be at least 18 years old, and hold a UK bank account. During the onboarding process you will be asked which account you want to choose. For retail investors, a personal account is the most appropriate option, unless you are using your Loanpad investments as part of a personal pension plan, in which case you may wish to choose our SSAS account. If you have any questions about which account is most suitable for you, contact us at support@loanpad.com.
- Complete an appropriateness test
By law, all new P2P investors have to complete an appropriateness test to prove that they understand the risks involved with this type of alternative investment. This test should only take a few minutes and you will receive an immediate pass or fail decision. At this stage, Loanpad will also carry out identity and anti-money laundering checks which could involve requests for photo ID or other supporting documents.
- Add funds
Once you have passed the appropriateness test, you can start adding funds to your account. At this stage it is important to decide whether you want to invest in our Classic Account, which offers daily liquidity, or our Premium Account, which offers slightly higher returns but requires 60 days notice before any withdrawals are made. If you are a UK taxpayer, you can also choose an IFISA version of either of these accounts, which will ensure that any returns will remain tax free.
- Invest
When you are ready to invest, Loanpad will spread all of your invested funds across any eligible live loans on the platform. Interest is paid daily into your Loanpad cash account, where it can be withdrawn or reinvested.
- Monitor your portfolio
Your online dashboard allows you to review your balance, interest and underlying loan portfolio. Pay attention to any changes in interest rates, loan performance, withdrawal conditions and risk disclosures, and make use of the Loanpad chatbot or contact support@loanpad.com if you are confused about anything or have any other questions.
| Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more. |
P2P INSIDER
Supercharge your understanding of Peer to Peer investing todayLoanpad is paying its first dividend to investors, of £1.50 per share on 1 July 2026.
This payment marks the latest milestone for our firm, and represents a chance to say thank you to our backers. We would like to extend a particular thanks to all of our shareholders including those from the Seedrs platform.
“We are proud to announce the payment of a £1.50 per share dividend to everyone who has backed our business with an equity investment” said Neil Maurice, chief operating and financial officer at Loanpad.
“Our business has gone from strength to strength since we launched in 2019. We have been profitable every year since 2022, with no corporate debt on our books. We have very intentionally scaled up sustainably, growing each year by maintaining rigorous due diligence processes and staying true to our business model.”
A successful business model
Loanpad operates as a property-backed peer-to-peer lending platform, which matches borrowers in need of funding with lenders seeking a return on their cash. We work alongside a select number of lending partners who invest alongside our individual lenders and take on the higher risk portions of every loan, effectively providing a shield to retail investors in the event of a loan default. While past performance is no guarantee of future success, to date Loanpad’s retail investors have not lost a single penny of their capital.
We are approved and regulated by the Financial Conduct Authority (FCA), and we also function as an ISA manager, allowing all of our investors to protect their earnings from taxation by putting up to £20,000 into an Innovative Finance ISA wrapper.
Strong loan book and finances
We are also a profitable company, and we have been strengthening our financial position every year. Our financial statements can be viewed on Companies House, and show that our net assets and cash holdings have both grown substantially in recent years, while we continue to hold zero corporate debt.
“As the Loanpad platform is in its 7th year, we are exactly where we want to be,” added Maurice.
“Our finances are in great health, and our loan book is going from strength to strength. Our loanbook is currently over £138m, and we intend to grow this figure in the months and years ahead.
“Our successful growth would not have been possible without the support of our equity backers and we are delighted that we are able to reward their trust in us with this first dividend payment.”
| Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more. |
Loanpad continues to be profitable
Loanpad had another profitable year in 2025, continuing a profitability streak which began in 2021. According to recently-filed financial statements available to view on Companies House, Loanpad’s financial position remains strong, with no corporate debt on the firm’s books and rising net assets.
The financial disclosures show that the company’s net assets grew from £2.03m to £3.40m between the year ending 31 December 2024 and the year ending 31 December 2025.
“This strong cash generation indicates that our profits are translating into real liquidity, giving the company greater flexibility to invest, expand, or strengthen our balance sheet,” said Neil Maurice, chief operating and financial officer at Loanpad.
“Our latest annual financial statements demonstrate that the company has materially strengthened our financial position year-on-year. We have been profitable every month since July 2021, and we expect our profits to continue to increase across 2026.”
Strong business model
Loanpad was launched in 2018, offering a new way for retail investors to access the property-backed lending market. It is a Financial Conduct Authority (FCA) approved lending platform which allows retail investors to invest in collateral-backed property loans alongside a group of established property lenders, called lending partners. These lending partners take the higher risk portion of each loan in return for a higher rate of interest, effectively shielding retail investors from the majority of the risk.
While past performance is no guarantee of future success, to date Loanpad’s retail investors have not lost a single penny of their capital. This is down to the platform’s commitment to strong due diligence on every loan, as well as the low loan-to-values (LTVs) on all properties which are taken as collateral.
Over the past eight years, this business model has weathered a global pandemic, and multiple macro-economic shocks which have heaped pressure on the alternative credit market. However, Loanpad has continued to both retain and attract investors, while steadily solidifying its own financial foundations to create a robust business which now boasts a strong track record of performance.
“We are delighted to have ended 2025 in profit, a testament to the hard work of our team and the strength of our business model,” said Maurice. “Since we launched in 2018, we have been focused on building a lean business that can scale sustainably over time. Our 2025 financial results are a testament to our strong business model, and our ability to deliver for investors, borrowers and shareholders.”
More milestones
Loanpad’s investor loanbook recently surpassed £135m, reflecting strong investor demand for the platform’s products, even amid a difficult macroeconomic environment.
Furthermore, the platform continues to target competitive returns to investors with the option of daily account access, and the opportunity to shelter investments within an ISA wrapper. At the time of writing, Loanpad’s classic account was targeting returns of 4.8%, while the premium account was targeting 5.8%.
“We take great pride in our transparency,” said Maurice. “All of our lending statistics including the latest target returns can be seen on our website, and all of our financial statements can be viewed on Companies House.
“We want our investors and borrowers to feel reassured that they can check our company’s financial health and our loanbook’s performance at any time.”
| Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more. |