Peer to peer loans can be held in an ‘Innovative Finance ISA’ from April 2016

8th July 2015

The government will introduce a new Innovative Finance Isa for loans arranged through a peer-to-peer platform from April 2016. It has also launched a consultation into whether the list of Isa-eligible investments should be extended to include debt securities and equity offered via a crowdfunding platform.

The Government will not include peer-to-peer loans in stocks and shares ISAs as eligible investments in their own right. However subject to certain conditions, these loans can be held within investments that are currently eligible for a stocks and shares ISA, such as investment trusts.

Advising on peer-to-peer loans may become a regulated activity for established advisers.


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