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Peer2Peer Finance News | June 18, 2019

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ISA

RateSetter hits £100m IFISA milestone

June 15, 2018 |

RATESETTER has attracted £100m in subscriptions to its Innovative Finance ISA (IFISA), just four months after the tax-wrapper was initially launched.

The peer-to-peer platform launched its first IFISA product in early February 2018, and more than 10,000 ISA accounts have … Read More

Assetz Capital boosts returns for investors

May 16, 2018 |

PEER-TO-PEER business lender Assetz Capital has announced its first-ever rate rise across its access accounts.

The rate increase, which took effect at the start of May, increases target interest rates for the Quick Access Account from 3.75 per cent to 4.10 … Read More

ISA allowance options for the new tax year

May 4, 2018 |

THE START of the new tax year means fresh ISA allowances and many people are mulling over their options for the 2018/19 tax year. The ISA investment limit is still at a generous £20,000, having risen 31.2 per cent from … Read More

RateSetter opens IFISA to transfers

May 2, 2018 |

RATESETTER has opened its Innovative Finance ISA (IFISA) to transfers from other providers.

Investors can now transfer money from their existing cash and stocks and shares ISAs from previous tax years into the P2P platform’s product.

RateSetter will accept full … Read More

Zopa executive: “Savers are abandoning the cash ISA en masse”

April 27, 2018 |

SAVERS are “abandoning the cash ISA en masse”, as the personal savings allowance (PSA) makes the tax-free wrappers less relevant for consumers, a Zopa executive has said.

New data from UK Finance showed that investment in cash ISAs fell from … Read More

Why you should invest in an ISA at the start of the tax year

April 9, 2018 |

THE RUSH to meet the 2017/18 ISA deadline is over, and a new ISA season has begun. But while many savers may feel that they have done their duty for another 12 months, it is never too early to start … Read More

Lendy reveals how P2P can boost cash ISA savings

February 13, 2018 |

INVESTORS who include peer-to-peer investments alongside their cash ISAs can substantially increase overall returns with only limited downside, Lendy claims.

The property lending platform assessed the performance of £100 either held just in a cash ISA paying two per cent … Read More

Everything you always wanted to know about tax but were afraid to ask

February 12, 2018 |

THE UK tax code is reportedly 12 times the size of the King James Bible at more than 10 million words, and while not all is relevant to peer-to-peer platforms and investors, there is plenty that baffles the sector.

Tax … Read More

RateSetter starts preparing investors for IFISA launch

February 2, 2018 |

RATESETTER has begun emailing existing investors to get them ready for the launch of its Innovative Finance ISA (IFISA) this month.

The peer-to-peer lender sent messages to its customers on Thursday revealing that the IFISA would be made available to … Read More

Zopa investors can now automatically move repayments into their IFISA

December 8, 2017 |

ZOPA investors can now automatically re-direct their repayments into their Innovative Finance ISA (IFISA).

The peer-to-peer consumer lender confirmed this week that customers can gradually move their Zopa money into the tax wrapper without having to sell loans or pay … Read More