The starting bell for the new tax year has hardly sounded, and the comparison sites are getting to grips with the crowdfunders offering peer-to-peer (P2P) loans in Innovative Finance Individual Savings Accounts (Innovative Finance ISAs, or IFISAs). Some of the comparison sites have Money&Co. incorrectly described as offering only business loans. Well, we all make […]
We’re settling in to the new tax year, with its enhanced Individual Savings Account (ISA) allowance (see below), and enjoying what looks like the start of a new era. “It’s fair to say we’ve seen a step change in the demand for peer-to-peer (P2P) lending,” says Money&Co.’s CEO, Nicola Horlick. “The figures aren’t announced yet, […]
We’re happy to report good progress on the latest offerings on Day Two of the new tax year. And we reprise why that might be below… The allowance for 2017/18 is increased from last tax year to £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of […]
With a whole year ahead of us, we’ve really no excuse. It may be that some of you missed the glaring, open goal that is making use of the tax benefits offered by Individual Savings Accounts (ISAs) – see our CEO, Nicola Horlick, on this very topic. But this time around, with a generous £20,000 of […]
We’re approaching the midnight hour for this year’s £15,240 tax-free investment into Individual Savings Accounts (ISAs). Money&Co. is offering a number of three-year asset-backed loans with a gross annual interest rate of 8% (7% after deducting Money&Co.’s annual fee of 1%). Investors who open an Innovative Finance ISA with Money&Co. will receive the income […]
It’s nearly the end of the tax year – midnight tomorrow is the final witching hour – and the traditional deadline frenzy is upon us. Our friends at P2P Finance News report that “platforms offering the Innovative Finance ISA (IFISA) have seen a spike in inflows in recent months, as retail investors clamour to make […]
There is a quiet voice of calm amid the furore surrounding the triggering of the Brexit process last week. Editor of Money Week, Merryn Somerset Webb, deals with the political backdrop at some length, and then asks what might this mean for an individual’s financial planning. The answer is pithy: “It will, for example, remain […]
It is, as the Chinese say, later than you think. There are just five days to go to the end of the 2016-17 tax year, and the end of current IFISA season. Check it out… Tax-free annual income of £1,050+ Money&Co. is offering a number of three-year asset-backed loans with a gross annual interest […]
We’re excited to announce that today sees the launch of the latest property-backed offering from webuyanhome.com. At the time of writing, the process of publishing the offer is in train. The loan will, like its predecessors, be property-backed, ie secured against a portfolio of residential property with the loan representing a substantial discount to market […]
There’s just a week to go to the deadline for those looking to use their full £15,240 allowance of tax-free investment under the auspices of the Innovative Finance Individual Savings Account (IFISA). Our friends at Moneywise, however, ask whether, given the low number of authorisations from the FCA, the IFISA is “a damp squib”. […]