"This is great news for investors and reflects our recommendations to HM Treasury on how ISAs could best access the returns of peer to peer lending. Returns for higher rate taxpayers who use part of their ISA allowance for peer-to-peer lending would increase by as much as 81 per cent versus current net-of-tax income rates. This is due to the elimination of tax on the income from these investments.
"This, combined with FCA regulation announced earlier this year, shows that P2P lending has truly entered the mainstream, and will soon become a key part of the majority of investors’ portfolios. It will also increase lending to British SMEs and property developers, giving the productive economy a further boost. Platforms such as Assetz Capital will become even more attractive to investors.”
Assetz Capital has now lent more than £50 million to UK SMEs and property developers, making it one of the fastest-growing P2P platforms ever.
Please call us on 0207 870 1023 for further information on investing via an ISA in Peer to peer lending, or register on the following link:
- October 17, 2014