Assetz Capital has launched the IFISA offer allowing UK taxpayers to use the 20,000 GBP tax-free allowance while investing on the p2p lending platform.
New and existing Assetz Capital investors can open an IFISA wrapper on the platform and then invest into anyÂ automatedÂ Assetz investment accountÂ in December. The IFISA is also set to include the popular Manual Loan Investment AccountÂ (MLIA) in the New Year.
The IFISA is flexible and offers investments into p2p lons with interest rates ranging from 3.75% to 12%.
Stuart Law, CEO at Assetz Capital said: â€œOur IFISA …[is] great new tax-free investment choice for those that are new to peer-to-peer lending, but we also feel strongly about delivering a product that caters for our thousands of long-standing investors who prefer to choose their own loan investments within the Manual Loan Investment Account. Thatâ€™s why we were determined to ensure that the MLIAÂ will be allowed in our IFISA shortly after launch. … We will also shortly be releasing a queuing system in case we have excess demand for the IFISA that will allow our existing and faithful investors priority access to the tax free returns.â€
Stuart Law gave P2P-Banking an informative interview in November.
The Assetz Capital IFISA offer has been added to the P2P-Banking IFISA comparison table today.