ben
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Post by ben on Mar 6, 2016 19:53:24 GMT
"Since the launch of the secondary market at the end of last year we have been somewhat surprised at the volume of sales it has generated. We are particularly happy to be able to report that the comments we have received have been overwhelmingly positive"
So there you have it all of us that think the secondary market is not fit for purpose and not helping we are all obviously wrong shame on us
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jonah
Member of DD Central
Posts: 2,031
Likes: 1,113
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Post by jonah on Mar 6, 2016 20:13:36 GMT
But in positive news, an IFISA is coming... One which I'm keeping an eye out for!
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Post by fundingsecure on Apr 5, 2016 5:56:52 GMT
We have just emailed the latest Newsletter to all subscribers. Anyone else wishing to read the update can find it here: April NewsletterFundingSecure |
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Post by fundingsecure on May 4, 2016 21:33:11 GMT
OOPS - a little late We have just emailed the latest Newsletter to all subscribers. (Earlier today!) Anyone else wishing to read the update can find it here: May NewsletterFundingSecure |
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Post by fundingsecure on Jul 3, 2016 17:36:53 GMT
We have just emailed the latest Newsletter to all subscribers. Anyone else wishing to read the update can find it here: July NewsletterFundingSecure |
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Post by fundingsecure on Aug 6, 2016 21:04:54 GMT
We have just emailed the latest Newsletter to all subscribers. Anyone else wishing to read the update can find it here: August NewsletterFundingSecure |
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Post by martin44 on Aug 6, 2016 21:09:09 GMT
We have just emailed the latest Newsletter to all subscribers. Anyone else wishing to read the update can find it here: August NewsletterFundingSecure Ah newsletters, i think you should concentrate more on your loan updates.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 11,329
Likes: 11,549
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Post by ilmoro on Aug 6, 2016 21:34:13 GMT
Two points to note from the linked IFISA page
FS think they are weeks away from full authorisation
They will allow transfer of existing parts into the IFISA. Given the published ISA rules appeared to prohibit this (no bed & breakfasting) interesting to see how they will achieve this.
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Liz
Member of DD Central
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Post by Liz on Aug 6, 2016 22:30:49 GMT
Two points to note from the linked IFISA page FS think they are weeks away from full authorisation They will allow transfer of existing parts into the IFISA. Given the published ISA rules appeared to prohibit this (no bed & breakfasting) interesting to see how they will achieve this. "Since interest is earned at the end of the loan period, all the interest of the investment will become tax free." Very good for taxpayers wishing to avoid paying tax
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SteveT
Member of DD Central
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Post by SteveT on Aug 7, 2016 8:16:15 GMT
They will allow transfer of existing parts into the IFISA. Given the published ISA rules appeared to prohibit this (no bed & breakfasting) interesting to see how they will achieve this. I don't think ISA rules prohibit "bed & breakfasting", they just require that any sale followed by subsequent repurchase within an ISA both take place at "open market" prices (aka. "bed & ISA", see www.iii.co.uk/isa/bed-isa for example) If there's SM availability in a particular loan at, say, 1% discount, perhaps the FS system will support a transfer from a non-ISA account to an ISA account at that same "best available" 1% discount. [I'm struggling to get my head round how that would affect someone with annual capital gains over the CG limit. Would it not give them a further tax advantage by incurring a capital loss on the "sale" part of the transaction?] Alternatively, if such an ISA transfer is simply made at par, even whilst the loan has availability via the SM at a 1% discount, might it be argued that no tax advantage is being gained by the transferer? [I think a problem potentially arises where there is only SM availability in the loan at a premium, when it might be argued that transferring at par is moving "profit" into the ISA that might have incurred Capital Gains tax had it been sold at "open market" price] As to what happens when there is NO availability on the SM to set a "best available" price benchmark ... ?
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