29th March 2017
P2P, Peer to Peer Lending
UK-BASED peer-to-peer lending (P2P) firm, Goji, have just become the latest platform to offer the Innovative Finance ISA.
The platform, which launched their product on March 22, will now allow investors tax-free access to their flagship bond under their blanket ISA product.
The bond, which invests in several platforms, currently offers a steady return of 5%, which can now be wrapped in a tax-free ISA allowance of £15,240 for the 2015/16 tax year (Increasing to £20,000 for the 2016/17 tax year).
Goji CEO, Jake Wombwell-Povey, said: “With the launch of our Diversified P2P Lending Bond, wealth managers can engage clients for the first time with a carefully designed product, with risk management and portfolio construction at its core, that is covered fully by the FOS.
“The product’s eligibility for inclusion in the new Innovative Finance ISA makes it ideal for investors seeking steady, low-volatility returns in 2017-18…”.