#ifisa

Why ratesetter?

A simple platform which is regulated by the FCA. Ratesetter is one of the largest peer to peer lenders and has been around since 2010.

Risky?

Of course it is. The industry is young and although risk is mitigated by a Provision Fund, your money is not covered by the Financial Services Compensation Scheme (FSCS). However if you stay in cash, you are effectively losing an average of 2%-3% of your buying power per year. That is not risk, its a guarantee. 

DO YOUR OWN DUE DILIGENCE

I did not share any links (other then the above) on purpose, check independently and then check again.

This offer ends on 25th July 2018

@LandbayUK launches #ISA #IFISA

Landbay a peer to peer lending platform has launched an Innovative Finance ISA (IFISA).

What is an Innovative Finance ISA?

The “IFISA” allows individuals to use some (or all) of their annual ISA investment allowance to lend funds through the growing Peer-to-Peer lending market, while receiving tax-free interest and capital gains.

More information here: https://innovativefinanceisa.org.uk/the-isa/