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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.

Budget 'perfect' for innovative finance ISA, says Assetz Capital

Budget 'perfect' for innovative finance ISA, says Assetz Capital

This week’s Budget announcement sparked debate around the sugar tax, but the new Lifetime ISA and the increase in the investment cap per year will have a hugely positive impact for UK investors, according to Assetz Capital, one of the fastest growing alternative finance platforms in the UK. 

As of April 2017, the amount you can invest in ISAs will increase from £15,240 to £20,000. A massive 31.2%.

Due to launch in April this year, the IF ISA allows peer-to-peer investors to both buy and hold P2P loans inside a tax-free ISA wrapper. The new change means that, assuming an interest rate of 6% on a full IF ISA, investors can expect tax-free returns of £1,200 on their 2017/18 maximum contribution compared to £914.40 for their maximum 2016/17 contribution.

Stuart Law, CEO of peer-to-peer lender Assetz Capital, commented “The rise of the investment limit in ISAs is perfect for those savvy enough to take full advantage of the new IF ISA. The increase in tax-free interest further rewards savers and we’re hoping it encourages even more people to invest in an ISA.”

Investors will be able to open an Assetz Capital IF ISA by choosing one of the three accounts on offer. These will run alongside existing Assetz Capital investments, from the same account log-in area.

The headline Assetz Capital account – expected to be the most popular for investors – is the 3.75% QAA ISA which will offer quick access to funds in normal market conditions, with no fees for taking money out. The current, non-ISA QAA account has seen investors able to withdraw money within seconds of the request thanks to its innovative set-up.

Assetz Capital IF ISA accounts will include:

  • Quick Access ISA; 3.75% pa; (No withdrawal restrictions and including Provision Fund)
  • Great British Business ISA; 7% pa (including Provision Fund)
  • Green Energy ISA; 7% pa (including Provision Fund)

(All rates gross target rates are gross target rates, before allowances for taxation or any losses not covered by a Provision Fund.)

 

As with most forms of investment, peer-to-peer lending carries a degree of risk to your capital; in this case if the borrower is unable to repay their loan. At Assetz Capital, we seek to reduce this risk to our investors by taking asset security on every loan.

- March 18, 2016

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