Your Capital is at Risk, investment is not covered by the Financial Services Compensation Scheme (FSCS) and interest payments are not guaranteed. In the event of a loan default or if Fluid becomes insolvent, you may lose some or all of your investment, including interest payments due. If you are in any doubt about making an investment you are strongly recommended to consult a trained professional advisor. Before you subscribe to the bond you should ensure that you fully understand the risks and determine whether the bond is suitable for you on the basis of all the information available, including the Information Memorandum.

Is the initial £20,000 investment through the Fluid ISA tax-free?

Tax treatment depends on the individual circumstances of each investor and may be subject to change in future.

Yes, as an IF ISA, the initial £20,000 investment is treated like any other ISA held with a bank for tax purposes, and as such is not subject to tax. Please note that your £20,000 allowance is an annual limit and is shared between all ISAs you hold.