Ryan Weeks, editor of Alt Fi, reprises the excellent news in yesterday’s Budget, with its creation of the Innovative Finance ISA (IFISA). “[The IFISA] has been created to accommodate peer-to-peer loans. The naming decision in particular comes as something of a shock. Whilst a third ISA type felt inevitable, those in the know were reasonably […]
This is a momentous time for P2P lending (which includes person-to-business lending). Along with the Chancellor’s emergency Budget, the Treasury has published its response following its consultation on whether P2P loans should be included in ISAs. The consultation period came to an end on 12 December 2014. The report states that: “(The government) intends to […]
Good news! Call it an Individual Savings Account (ISA), a New Individual Savings Account (NISA) or, as of today an Innovative FinanceIndividual Savings Account (IFISA) Money&Co. welcomes Chancellor Osborne’s Budget, and in particular the government’s response following the consultation on whether to include peer-to-peer (P2P) loans in Individual Savings Accounts (ISAs – or now IFISAs) […]