Here's some more background on ISAs in general, and the Money&Co. IFISA into which you can roll your P2P loans.
Tax-free interest from your Money&Co. loans
If you hold Money&Co. loans in an IFISA, you can expect to get an interest rate of around 7 per cent net of our fees and it will be completely tax-free. You can choose to pay out the income that is due on your loans monthly, or you can keep the money in your account to reinvest in new loans.
Make a subscription for this year or transfer ISAs from previous tax years
You can only buy one IFISA, one Cash ISA and one Stocks and Shares ISA in each tax year. You can also transfer money held in a Cash ISA or a Stocks and Shares ISA from a previous year into an IFISA. If you want to transfer an ISA from another manager, please fill in the application form and tick the transfer box.
If you are already a Money&Co. lender, open an IFISA account too and receive interest tax-free
If you already have a Money&Co. account and you want to open an IFISA, please fill in the application form. Your IFISA subscriptions will be held in a separate account and you will need to use a different email address to open it.
P2P loans, IFISAs & Risk