Finance is a market that is traditionally associated with men but, as our friends at Asset TV say, this is changing.
What needs to happen to get more women in the industry? Asset TV Investor spoke to Nicola Horlick, CEO of Money&Co., to find out.
Don’t miss the forthcoming Future of FinTech event, featuring our own Nicola Horlick, who will headline the event.
A stellar line-up of other speakers has been confirmed for this breakfast, co-hosted by BusinessCloud. Nicola will be joined by:
The event will be hosted by Business Cloud editor, Chris Maguire.
A Process Guide To Innovative Finance ISA Investment
All loans on our site can be held, tax-free, via an Innovative Finance ISA (IFISA).
So here’s our guide to the process of getting hold of that tax break:
The ISA allowance for 2018/19 is unchanged from last tax year at £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. We’re assuming a 7 per cent return, net of charges and free of tax here.
Once you have made your initial commitment, you might then consider diversifying – buying a spread of loans. To do this, you can go into the “loans for sale” market. All loans bought in this market also qualify for IFISA tax benefits.
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 one of several earlier articles on security, access and yield.