We're heading into what's known as the "ISA season". Most investors make their investment decisions – there's a tax-free £20,000 in Individual Savings Accounts (ISAs – investment limit unchanged from yesterday's Budget) to be invested. Many investors do just that between the beginning of a new year and the end of the tax year on 5th April.
We think the earlier the better in the tax year is the best time to invest in peer-to-peer (P2P) loans. As we've pointed out before, the yield is there – and the earlier it's harvested the better. See an earlier post on this topic.
By the way, our current loan offering, a leading trophy company, is going fast (see below).
Our current loan is a five-year offering, risk-rated at B+, with an indicative gross yield of 9 per cent. It is 53 per cent funded at the time of writing. The offer closes in 7 days' time.
Money&Co. brings individuals looking to get good return on capital with carefully vetted small businesses seeking funds to grow. In addition to new loan offerings, our secondary loan market, offering existing loans for sale by lenders, is available to registered Money&Co. users.
All loans can be held, tax-free, in an Innovative Finance Individual Savings Account, or Innovative Finance ISA.
Risk: Security, Access, Yield
Do consider not just the return, but the security and the ease of access to your investment.We write regularly about these three key factors. Here's an earlier article on security, access and yield.
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. Capital is at risk, once loaned.