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MONEY&CO TO BENEFIT FROM IFISA

20th July 2015

Money&Co, the innovative person-to-business lending platform and part of the IW Capital portfolio, is set to benefit from the budget and the introduction of the Innovative Finance ISA. The new IFISA as it will be known, offers tax shelter for P2P lending to businesses.

Money&Co.’s CEO, Nicola Horlick, offers her own analysis to lenders and savers: “This means that you will be able to hold loans that you have bought through Money&Co. in an ISA from 6 April next year. I think that it is highly likely that the new Innovative Finance ISA will take a big chunk of market share away from cash ISAs. The yields on cash ISAs are pitifully low and the current gross yield across the Money&Co. loan book is 8.81 per cent”.

Revealing the new ISA, George Osborne said: “The Government will introduce the innovative finance ISA, for loans arranged via a P2P platform, from 6 April 2016 and has published a public consultation on whether to extend the list of ISA eligible investments to include debt securities and equity offered via a crowd funding platform.”

For more information, visit www.moneyandco.com/home

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IW Capital Ltd is an appointed representative of Bramdean Asset Management LLP, which is authorised and regulated in England by the Financial Conduct Authority under registration number: 410624.

IW Capital Ltd, 42 Bruton Place, London, W1J 6PA
+44(0)20 7015 2250
info@iwcapital.co.uk

© 2022 IW Capital Ltd | T&Cs | Privacy Notice | Privacy Policy | Cookie Policy

IW Capital Ltd is an appointed representative of Bramdean Asset Management LLP, which is authorised and regulated in England by the Financial Conduct Authority under registration number: 410624.

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