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The Assetz Capital platform is no longer open to investment from individual investors. No new investments into peer-to-peer loans are possible and, as a result, no new funds should be deposited. The existing loan book relating to the Retail platform is now in run-off and this will, over time, deliver the return of capital to investors. Full information can be found here . Existing Retail lenders can still log in, view information regarding their account and loan holdings and operate their account in accordance with the information regarding the run-off provided on the link above. Please see this important message regarding the currency of the information on the pages on this website.

Assetz Capital P2P SIPP offering ready for pensions freedom day

Assetz Capital P2P SIPP offering ready for pensions freedom day

The development of this offering gives a significant boost to P2P lenders, who are currently disproportionately affected by tax, which is paid on losses as well as gains. Within a SIPP, interest earned on P2P loans – typically 6.5 per cent p/a or greater (before any possible loan losses and taxes) on the Assetz Capital platform – should be tax free.

The move means that investors can take advantage of a P2P SIPP after pensions freedom day, on Monday 6 April 2015.

Investors who use Assetz Capital to invest in P2P loans within their SIPP enjoy several benefits:

  • Loans on the Assetz Capital platform typically offer interest rates of 6.5 per cent p/a or above, before taxes and any allowances for defaults and have been typically substantially higher in the last 12 months.
  • All Assetz Capital loans have tangible security – meaning that loans are backed by assets such as commercial property or machinery.
  • The minimum investment with Assetz Capital is £20, with no maximum investment stipulated by the platform
  • Investors can withdraw their money by selling on their loan parts to other investors on the Aftermarket with no fees, subject to demand

Stuart Law, CEO of Assetz Capital, commented: “This development is part of P2P’s wider maturity. Increasing numbers of investors are incorporating P2P loans into their investment portfolio, and there are substantial tax advantages for doing so via SIPPs.”

Existing SIPP holders wanting to invest in Assetz Capital loans via their SIPP should visit retail.assetzcapital.co.uk. Those interested in learning more about SIPPs may wish to visit retail.assetzcapital.co.uk/sipp-investment for further information.

 

The offering has been launched in conjunction with SIPPclub.  SIPPclub helps existing SIPP holders, or those interested in SIPPs, to learn about the range of investment opportunities open to them with a view to maximising their potential returns.

For more information, visit retail.assetzcapital.co.uk

 

-END-

Note to editors

To arrange interview with any of the Assetz Capital founders, please contact:

Sean Williams

seanw@agencybrazil.com

020 3176 4994

Or

Stuart Law, Chief Executive,

Assetz Capital Limited

07977 982 401

stuart.law@assetz.co.uk

 

About Assetz Capital Limited

Assetz Capital aims to create a fairer lending landscape, providing non-bank loans to small and medium sized enterprises and property developers in the UK, helping them gain access to finance for their projects and future business growth. Rather than being just a website or a dot com business, it is run by professional bankers with huge experience of quality and safe lending, alongside a nationwide network of relationship managers who visit and vet potential borrowers. Tangible security is in place to reduce the risk of capital losses for investors and traditional credit assessment techniques are employed rather than computer based assessments.

 

Assetz Capital is part of the long established Assetz group of companies, founded by Stuart Law, which has over 60,000 registered, cash rich private investors.

 

Call Assetz Capital: 0207 8701023 or visit retail.assetzcapital.co.uk  

 

 

 

- April 2, 2015

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