One of our A-rated, 8 per cent target yield loan offers is in auction mode, and is closing in two days. But what if you don't want to do all that bidding and attendant process yourself? We thought it timely to remind investors with a larger amount of investable cash of the existence of our attractive managed portfolio service. We will manage your loan portfolio for you and ensure that there is sufficient diversification to reduce risk. When money comes back from borrowers each month, we will reinvest it for you in new loans coming through that meet the parameters that we have agreed with you. You can choose to reinvest the interest from your loans or to pay it out. The minimum investment for a Money&Co. Portfolio Service account is £100,000. If you would like to discuss opening an account, please email email@example.com or call us on 020 3143 4004.All loans on site are eligible to be held in a Money&Co. Innovative Finance Individual Savings Account (ISA), up to the annual ISA limit of £20,000. Such loans offer lenders tax-free income.
A Process Guide To Innovative Finance ISA InvestmentOur offering is an Innovative Finance ISA (IFISA) that can hold the peer-to-peer (P2P) business loans that Money&Co. facilitates. For the purposes of this article, the terms ISA and IFISA are interchangeable. So here's our guide to the process:
Money&Co.'s CEO, Nicola Horlick takes a close look at recent figures released by the taxman, and draws some sobering conclusions for savers who stick with cash deposit accounts (bearing in mind that inflation has been running at nearly 3.5 per cent for several months). Below the highlights of HMRC's data, we list Nicola's principal conclusions.
HMRC ISA Statistics for the tax year to 5 April 2017