Assetz Capital, a UK based peer to peer lender, has announced the launch of its Innovative Finance ISA (IFISA). The IFISA is available as a wrapper on all of the automated investment accounts, with the Manual Lending Account also set to be allowed into the ISA in early 2018.
Assetz Capital adds that their IFISA is available to both new and existing investors on the Assetz Capital platform, with more than 10,000 investors already having registered interest in the ISA ahead of its launch. Investors may use their £20,000 annual tax-free allowance on the Assetz Capital platform. They will also be able to transfer in past years’ ISA savings from their cash and shares ISAs.
Assetz Capital says the IFISA launch follows a successful year for the P2P lender. As well as receiving full authorisation from the Financial Conduct Authority (FCA), its automated accounts now hold around £150 million of investor money with a further £50m invested in manually selected loans.
“This has been a transformational year and we are ending on a high with a refreshed brand and website, new headquarters in Manchester and the launch of our ISA,” commented Stuart Law, CEO and founder of Assetz Capital. “This is the result of the fantastic work by our dedicated team and the huge support by our investors to help take peer-to-peer lending to the next level.”