As the end of the tax year and the deadline for Individual Savings Plans loom, we can reveal we’ve just closed one auction, with three more currently still available on site. All these loans can be held, up to £20,000, as Innovative Finance Individual Savings Accounts (IFISAs). IFISAs are explained in more detail below. Here’s […]
As we indicated last week in this News section, a series of new loans are in the pipeline ahead of the end of the tax year. The April deadline sees the expiry of the £20,000 Individual Savings Account limit for the year. Remarkably, some of our lenders have money sitting on their accounts without allocating […]
Money&Co. CEO Nicola Horlick has pointed to a substantial drop in Innovative Finance ISA (IFISA) inflows this years. She argues the Covid-19 crisis is a major contributor factor to the downturn. Nicola spoke to our friends at P2P Finance News, and we offer their accurate report of a recent interview as a reprise of Nicola’s […]
Amid speculation that tax incentives will be tinkered with in the coming Budget, City A.M. highlights four companies that wouldn’t exist without the Enterprise Investment Scheme. The full article is available here. While EIS and SEIS offer meaningful tax advantages to investors, it’s important to remember that their main function is to help kickstart new […]
As we’ve said before, times are tough for income-hungry investors. Interest rates remain low, and traditional savings products mostly lag inflation. So the hunt for income is always on, as noted by our friends at P2P Finance News. ISA SEASON may be a distant memory but there are still tax-wrapper product launches to look forward […]
The figures aren’t in yet, but it’s possible that the traditional end-of-season rush for investing in Individual Savings Accounts may be a thing of the past. Or at least less of a stampede than it used to be. Why’s that? Because the option of investing in a peer-to-peer (P2P) loan with higher risk and a […]
As we head for the end of the tax year, our friends at P2P Finance News look at the evolution of the Innovative Finance Individual Savings Account (IFISA). The IFISA is the device by which peer-to-peer (P2P) loans such as those on this platform can offer investors tax-free income. We thought we’d offer a little […]
As the Individual Savings Account (ISA) season cranks into gear, the marketing boffins at Money&Co. couldn’t quite resist offering support to England’s boys in white. We’ve been pleasantly surprised by the name recognition from the hoardings in St Lucia for the third cricket Test Match between the West Indies and England. Our sporting interests don’t […]
It’s Individual Savings Account (ISA) season. The main preoccupation of peer-to-peer (P2P) lenders such as Money&Co. is to make individual investors aware of the benefits and risks of P2P loans ahead of the end of the tax year on 4th April. As we saw in yesterday’s News story, the P2P asset class is not necessarily […]
It’s that time of year again. After a relatively slow start for Innovative Finance Individual Savings Accounts (IFISAs – see an earlier News article on this topic) the awareness and popularity of the IFISA could be set to soar. It’s important to balance risk against the good returns (Money&Co. lenders have achieved over 8 […]