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Peer2Peer Finance News | February 21, 2019

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Innovative Finance Isa

Is your money safe in an IFISA?

February 20, 2019 |

THE INNOVATIVE Finance ISA (IFISA) is starting to take off after a slow start – in the last tax year, subscriptions rose more than 700 per cent – but potential investors may still be unsure about the risks involved.

It is … Read More

A quick guide to IFISA transfers  

February 19, 2019 |

THE INNOVATIVE Finance ISA (IFISA) is starting to attract more attention from savers wanting to tap into the potential returns from peer-to-peer lending while protecting their profits from the taxman.

It allows you to invest all or part of your … Read More

Zopa heralds IFISA as “the perfect middle ground” for investors

February 13, 2019 |

ZOPA has deemed the Innovative Finance ISA (IFISA) “the perfect middle ground”, after its research found that stock market volatility is dissuading UK consumers from investing.

The peer-to-peer consumer lender, which is readying to launch a digital bank, surveyed 2,000 … Read More

RateSetter IFISA attracts £175m in first year

February 12, 2019 |

RATESETTER’S Innovative Finance ISA (IFISA) has attracted £175m in its first year.

The data spans two tax years but the peer-to-peer lending platform said the IFISA money now represents one fifth of its £830m funds under management.

Almost one quarter … Read More

IFISAs: Plenty to play for

February 8, 2019 |

The Innovative Finance ISA has been boosted by the ‘big three’ lenders unveiling their tax-free products, but are they now helping or hindering the competition? 

THE MAJORITY OF peer-to-peer lenders now offer tax-free earnings through the Innovative Finance ISA (IFISA) … Read More

Goji to offer electronic ISA transfers for IFISAs

February 7, 2019 |

GOJI will be able to facilitate electronic ISA transfers for Innovative Finance ISAs (IFISAs) by the end of the tax year.

This will be a boon for peer-to-peer investors, who currently have to endure lengthy administrative processes to transfer existing … Read More

HMRC warns IFISA providers to stop using e-money services

January 24, 2019 |

HMRC has warned peer-to-peer lenders that they shouldn’t be using e-money providers to hold Innovative Finance ISA (IFISA) money.

An alert from the taxman – which applies to all ISA managers – said it was aware that some providers are … Read More

Navigating the ISA market

January 18, 2019 |

Traditionally, ISA users have faced a choice between saving into a cash tax wrapper or investing in stocks and shares, but now the Innovative Finance ISA is providing a middle ground

CHOOSING WHERE TO place your ISA allowance each year … Read More

Orca opens waiting list ahead of 2019 IFISA launch

December 19, 2018 |

ORCA has opened a waiting list for investors interested in its self-select portfolio and Innovative Finance ISA (IFISA), with plans to launch both products in the first quarter of 2019.

The peer-to-peer lending analysis and investment platform, which first revealed its … Read More

George Osborne confident about IFISA success despite slow start

November 20, 2018 |

THE ARCHITECT of the Innovative Finance ISA (IFISA) has said he is confident about the future success of the tax wrapper, even if it hadn’t got off to a “dramatic” start.

George Osborne unveiled the new product during his tenure … Read More