Where’s The Beef? P2P ISA Missing In Otherwise Positive Budget Reforms


Yesterday’s Budget was generally well received. Share prices in the UK did well, especially those of investment and financial services companies, as the Chancellor’s strategy was seen as being savings- and investment-friendly.

However, money&Co.’s CEO, Nicola Horlick, feels that “progress with the ISA inclusion has been slow”. The government, at least if it has a Tory hue, is set for further consulatation over the summer.

Nicola however welcomed the Budget’s overall tax reforms: “The announcement that the first £1,000 of interest from investments will be tax free is helpful as that should apply to the loans on the Money&Co. site, and means that the early tranches of capital committed to our platform ahould effectively generate a tax-free return.”


Meanwhile, the Birmingham Chamber of Commerce has hailed Nicola’s recent speech as an “inspirational address”. The “was one of the highlights of a Birmingham Chamber ‘Women in Business’ conference, which attracted an audience of more than 70 delegates.
“Nicola Horlick (pictured), an investment fund manager who earned her label for juggling her high-flying career in the City with the demands of bringing up a family, is co-founder and chief executive of Money & Co, a crowdfunding service connecting lenders and investors with finance-seeking businesses.
“Nicola shared her experiences and insights into the world of finance by tracing her entrepreneurial roots from the time she launched her first business.”


*** Money&Co.’s latest loan offering now has 66 per cent of its target achieved, with over £20,000 committed yesterday. The B-rated loan from the soft furnishings manufacturer is currently offering an indicative yield of over 10 per cent. The average yield achieved by Money&Co. lenders across all offerings is currently 8.83 per cent.

It is very important that lenders appreciate that, while we vet loan offerings very carefully, lending carries risk. Please read the risk warnings on our Home page, and in our Frequently Asked QuestionsSee also this video, which explains more about lending, including the potential benefits of spreading capital across a range of loans to lower risk.


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Disclaimer: Money&Co.™ is the trading name of Denmark Square Limited, Company Number 08561817, registered in England & Wales, authorised and regulated by the Financial Conduct Authority (FCA). The company is identified on the Financial Services Register under Reference Number 727325. The registered office is 58 Glentham Road, Barnes, London, SW13 9JJ where the register of Directors may be inspected. Denmark Square Limited (ISA manager reference number Z1932) manages the Money&Co. Innovative Finance ISA.