Peer-to-Peer

  The IFISA (Innovative Finance ISA) only went live in April 2016, after being first announced in the 2015 budget. There has understandably been a lot of fuss over this new tax wrapper, as investors seek to diversify away from the volatility of Stocks and Shares ISAs, and the miniscule returns of Cash ISAs that fail to keep up with inflation. The IFISA wrapper allows tax free investment in debt-based alternative finance, through P2P lending and Debt Based Securities (DBS) or Crowd Bonds as they are being commonly referred to. Although the wrapper is a nascent area, investor sentiment is strong… continue reading