Property News · February 18, 2017

A new Isa is offering tax-free returns of 12% – so what’s the catch?


The ‘innovative finance’ Isa is being hailed by some as the answer to years of miserable interest rates. We look at who’s offering them and how they workIt’s the new type of Isa offering returns of up to 12% – or perhaps even 20% in future. But are rates like this simply too good to be true? Things have been pretty grim for Britain’s savers for a long time now, with many people desperate to find ways to give their finances a boost. However, some experts are predicting that this is the year that a new tax-free account for peer-to-peer lending and crowdfunding will shake up the savings market and bring some much-needed better news on returns.Peer-to-peer websites match borrowers (individuals or companies) with investors or lenders. They cut out the banks by putting people with money to lend in touch with those who want to borrow. Continue reading…

Source : theguardian.com
Read more…A new Isa is offering tax-free returns of 12% – so what’s the catch?

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