Our latest loan offering is A-rated and property-backed. It offers a fixed-rate return of 9 per cent for five years, and is currently 53 per cent filled. We have several more offerings in the pipeline. If you invest and hold the investment via our Innovative Finance Individual Savings Account (ISA – see below for a step-by-step guide to how this works) you will receive the income tax-free.
Get free Future of FinTech tickets here – limited edition
Good news. A change in sponsorship arrangements has freed up a tranche of free tickets for the Future of FinTech breakfast on 12th July in London. Money&Co. CEO, Nicola Horlick, will headline the event. Numbers are limited, please use this link to claim your place now.
A Process Guide To Innovative Finance ISA Investment
Our 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:
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.