No more basic rate tax on savings interest?

Keep_pedalling

MadMat wrote: »

Does this mean P2P lending is now Interest free up to 1k profit per year ?

Mat

Come April 2016 that will be the case unless the incoming government decide to scrap the whole thing.

robin58

Ed-1 wrote: »

Then it wouldn't be a 123 account - it'd be a 0.81.62.4 account! Hardly has the same ring to it...

Yes, but a '123 reduced rate current account' does!!:D

Broken_Biscuits

masonic wrote: »

Interesting theory, but... S&S ISAs?

my opinion was based more on platform risk than the risk of the product. P2p is a fairly new concept. Most platforms have been around single digits years wise. Some just a matter of months. When were s&s's available in a tax free wrapper? Multiple decades after they were set up or quite soon in their untested honeymoon?

one of the major p2p sites could fail much more easily than one of the major s&s brokers in my opinion.