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The Summer Budget 2015 will introduce a National Living wage, in addition to cutting benefits and increasing the Nil Rate Band. However, possibly the most exciting development from the Summer Budget 2015 was the introduction of the “Innovative Finance” ISA (IFISA). The Chancellor stated “The Government will introduce the Innovative Finance ISA, for loans arranged via a peer-to-peer 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 crowdfunding platform”. The inclusion of peer-to-peer loans in ISAs has huge implications… continue reading