Britons looking to invest their cash can now take advantage of a new Innovative Finance (IF) ISA, which allows investors to capitalise on British heritage projects.
The Oaksmore ISA is offered through Oaksmore Portfolios AIFM Limited, a firm authorised and regulated by the Financial Conduct Authority and a leading provider of Investment Schemes and Alternative Investment Funds.
Funds pledged to the ISA will be invested into heritage restoration projects around the UK.
Projects will see the development and restoration of historic buildings which have fallen into disuse and disrepair, transforming them back to their best possible state for use and thus increasing the profitability of the site.
In addition to helping to support the restoration of much-loved British heritage sites, those investing in the Oaksmore ISA will benefit from much higher interest rates than those offered through regular savings accounts and traditional Cash ISAs.
With an Oaksmore ISA, investors can expect to see healthy returns of up to 7.5% per annum over a 60-month term, whilst returns over a 24-month term stand at 5% per annum.
Consumers can choose between a two or five-year bond when investing in the
Oaksmore ISA, and can transfer funds from an existing ISA if funds are tied up elsewhere.
With a minimum investment of £1,000, this Innovative Finance ISA is suitable for everyday investors, no matter their age or their existing investment portfolio. It offers investment in bonds, of which the capital received is not subject to tax.
As with traditional Cash ISAs and other Innovative ISA products on the market, the maximum sum that can be invested is £20,000 per tax year.
Whilst consumers can only invest in one Innovative Finance ISA in any one tax year, investments may be split across different ISA types: for example, Cash ISAs, Stocks and Shares ISAs and IF ISAs.
Tony Norris, CEO at Oaksmore said: “We are delighted to be able to offer UK consumers the chance to enjoy investing their savings in an ISA account with a difference. Not only does the Oaksmore ISA allow tax-free savings with a very healthy interest of 7.5%, but it also allows investors to pledge their hard-earned savings to a cause in which they have a genuine interest.
“With new developments being erected at a vast rate across UK towns and cities, the investments made into the Oaksmore ISA are utilised to maintain British history by bringing back to life much-loved heritage sites across the UK, which have fallen into disuse or disrepair.
“The process is simple – ISAs are used to acquire property-backed bonds. Invested money is held in a specific, secure client bank account until it is allocated to the latest bond and project so that restoration work can commence.”
The team behind Oaksmore are leaders in their industry and have successfully launched more than 200 property funds in the last 30 years.
Tony Norris, CEO of Oaksmore, is an industry expert in cutting-edge fund investments and has specialised in the launch and operation of collective investment schemes, the majority of which were property schemes, for almost 30 years.
Highly regarded by investors and professional advisors alike, he has been responsible for the launch of more than 200 funds and schemes, totalling more than £15 billion.
Oaksmore Portfolios AIFM Limited act as an Alternative Investment Fund Manager under the Alternative Investment Fund Managers Directive and is authorised and regulated by the Financial Conduct Authority (FCA).
More details about the Oaksmore ISA can be found online at https://oaksmore-isa.co.uk