Last Minute Launches Of IFISAs

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Today is the last day of the tax year, when traditionally investors and independent financial advisers (IFAs) work hard to make investments and sign contracts that will use up tax allowances and offset liabilities that investors would rather see accounted for in the old year, rather than the new.

Of course, today is the day for closing deals - it's not really a day to be starting anything. So we're feeling a little sad for those peer-to-peer lending paltforms who have only just received regulatory approval to offer an Innovative Finance ISA (IFISA).

IFISA, The Best Kept Secret In Investment

Young woman whispers in friend's ear

Investors wanted it, peer-to-peer lending platforms wanted it, the government believed in it, and the taxman approved it. So how did the Innovative Finance Individual Savings Account (IFISA) get to be the best-kept secret in alternative finance?

Another Crowd is crying into its coffee over reports that as the end of the tax year approaches, nobody knows they can put up to £15,240 into P2P lending, and keep the proceeds tax-free.

BondMason's Mixed Message On P2P

Mixing salad dressing in aluminium pan

BondMason is a peer-to-peer investment manager that acts as an intermediary between the investor and a series of platforms. They are pretty innovative, have chosen a Unique Selling Proposition (USP) that they can succeed at, and we enjoy reading the articles their CEO Stephen Findlay writes.

Money and Co Joins IFISA Crowd

Nicola Horlick against backdrop saying Small Businesses

Peer-to-peer lenders have just seven weeks to gain the tax reliefs of an Innovative ISA (IFISA) in the current tax year. The latest platform to announce a launch is Money&Co, which has gained a full licence from the Financial Conduct Authority and is ready to go.