Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
Chris-Maule-UK-Bond-Network-600x325
March 28 2017

UK Bond Network unveils IFISA with 1pc cashback sweetener

Anna Brunetti Industry News, News alternative finance, Chris Maule, fintech, IFISA, ISA season, P2P lending, peer-to-peer, Uk Bond Network

UK BOND Network joined the innovative finance ISA providers’ league on Tuesday, launching a tax-free wrapper that will offer interest rates of between seven per cent and 12 per cent per year on a minimum £5,000 investment.

The peer-to-peer bond auction platform will also offer a one per cent cashback bonus on any first investment carried out through a newly-opened ISA account by 31 May – consisting of either new corporate bond issues or bonds purchased from other investors on the platform.

Read more: Rebuilding Society readies for IFISA launch

“Tax efficiency is a key concern for many of our investors. Extending the benefits of ISAs not only to P2P loans, but also to P2P debt securities such as those that we provide, creates another valuable opportunity for income investors to stretch their returns even further,” said UK Bond Network’s chief executive Chris Maule.

The firm announced it had received ISA manager status from HMRC at the end of January, when it also confirmed that it had partnered with P2P technology provider Goji to provide the tax-free wrapper.

“It provides yet another attraction for existing P2P investors and a boon for potential new lenders – we look forward to opening up this new opportunity and offering tax-efficient investing,” said Maule at the time.

Read more: Proplend joins IFISA pipeline after getting HMRC stamp of approval

The platform, which received full authorisation from the Financial Conduct Authority last November, joins a slew of platforms that have rushed to launch IFISA products before the tax year deadline, with at least four lenders unveiling their IFISAs last week and one more in the process of finalising it.

Look out for the upcoming print edition of Peer-to-Peer Finance News for more insight into investor uptake of the IFISA.

Lendy incorporates Saving Stream under unified brand UK alternative lending jumped 48 per cent in final months of 2016

Related Posts

Woman putting coins on stack with holding money, Concept business, finance, money saving and investment

Industry News, News, Property, Top 3

CapitalStackers reaches £100m investment milestone

Businessman separates the wooden puzzle with a picture of money. The concept of financial management and distribution of funds. Saving and investing. Property division. Legal services.

Industry News, News, Top 3

Treasury launches £120m London Capital & Finance redress scheme

Business team greeting and finishing up a meeting, Two Business handshake of collaboration after discussing in team good deal of Trading contract for both companies, Finance, accounting, investment

Industry News, News, Top 3

Starling Bank ready to acquire a lending business

Popular posts:

  • Metro Bank starts offering RateSetter loans in its branches
  • Business Loan Network appoints administrators
  • Assetz Capital launches new bridging product
  • Funding Circle chief turns down £190,000 pay rise
  • PwC brings fintechs together for collaboration
  • FCA director says “there is more change to come”
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by