If a loan defaults in this tax year, but isn’t recovered until next tax year, does that recovery count towards my annual allowance?

Updated 9 months ago

The P2P investment side of Zopa is closed. Through the purchase of the peer-to-peer portfolio, all investors have now received their funds back. You can find more information on the closure in the ‘Changes to P2P investments’ section of our FAQs.

No, it doesn't. If a loan defaults in one tax year but is recovered in another, it simply adds back in to your IFISA balance.

The only exception is if you close your IFISA or transfer it to another provider. Then we'll need to pay the money into a non-ISA account so those funds will lose their ISA status.

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