MSE News: Government seeks advice on how to include P2P lending in NISAs 17 October 2014 at 11:07AM in ISAs & tax-free savings 5 replies 2.4K views

Former_MSE_Helen

Savers are a step closer to being able to earn a tax-free income from peer-to-peer lending

Read the full story:

Government seeks advice on how to include P2P lending in NISAs'




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Joe_Bloggs

What the initial MSE article failed to link to was the source of the information

:-https://www.gov.uk/government/news/government-sets-out-options-to-include-peer-to-peer-p2p-loans-in-isas

My advice would be to ignore the advice of bankers.
J_B.

Archi_Bald

Joe_Bloggs wrote: »

My advice would be to ignore the advice of bankers.
J_B.

Yeah, what do they know about lending and taxes and making profits and managing ISAs.

fatal1955

OK, it was bankers who helped Greece hide their sovereign debt so that they could join the euro and we know how that turned out. Maybe the UK government will get advice from bankers with scruples (surely there must be some out there?).

Archi_Bald

The consultation has concluded, and the outcome is:

1.9 On balance, the government believes that the proposed approach set out in its consultation document is the most appropriate method of implementing the policy, subject to certain modifications set out in this summary document. It intends to publish draft legislation for technical consultation later this year, with a view to legislating to allow peer-to-peer loans to be held in an ISA from 6 April 2016.

Full details here

kidmugsy

fatal1955 wrote: »

OK, it was bankers who helped Greece hide their sovereign debt so that they could join the euro and we know how that turned out.

Do you really think of Goldman Sachs as "the bankers"? They don't offer ISAs do they?

Anyway, the euro application of Greece fooled nobody; the eurozone wanted faked numbers so they could be admitted.