Financial technology is the future, of that there's no doubt. We've often written that peer-to-peer (P2P) business lending is slowly entering the mainstream of the financial world. It seems that the mainstream media is catching up with this news. For a daily news briefing on our P2P sector, see the crowdfunding intelligence platform, Another Crowd – which has partnered with Money&Co. on a couple of alternative-finance conferences, with more to come. See a short film of one of the conferences here. And find Another Crowd here.
Current IFISA-Ready Offerings
All loans on the Money&Co. site can be held in an Innovative Finance Individual Savings Account (IFISA or Innovative Finance ISA). The ISA allowance for 2017/18 is increased from last tax year to £20,000, allowing a married couple to put £40,000 into a tax-free environment. Over three years, an investment of this scale in two Money&Co. Innovative Finance ISAs would generate £8,400 of income completely free of tax. To get that return, a pair of higher-rate tax payers would have to find a gross yield of well over 12 per cent.
P2P & Risk
If you haven't made a loan via Money&Co. before, please read the risk warnings and the FAQ section. You may also wish to consult a financial adviser before making an investment.