Our most recent loan offerings closed yesterday, and lenders will shortly be drawing interest as the settlement process progresses.
The launch of several new loan offerings - some secured on property - is imminent. Ahead of their arrival on the Money&Co. site, we thought we'd offer another reminder of the basics of crowdfunding and the mental checks and balances to go through in the process of lending. These tips are from our Knowledge Hub.
IFISA Investment 2017/18
The ISA allowance for 2017/18 is increased from last tax year to £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. To get that return, a pair of higher-rate tax payers would have to find a gross yield of well over 12 per cent.
Risk, P2P & IFISAs
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.