arbster
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Post by arbster on Sept 26, 2016 10:20:07 GMT
You can open as many IFISAs as you wish and transfer old ISA money into them, but you may only subscribe your annual allowance to one IFISA in the year. Unless the rules have changed... So, if one's current ISA provider allows partial transfers, you could transfer previous years' allowances to multiple different IFISAs in the same year?
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 26, 2016 10:33:28 GMT
Yes, providing ISA manager permits ie not fixed term lock in, and receiver accepts transfers, can do what you like with prior years, its current year that is restricted. Several threads discussing ISA rules. Some found the following useful p2pindependentforum.com/post/84268/threadRules unchanged but modified to permit 'flexible' ISA |
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nick
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Post by nick on Sept 26, 2016 10:45:22 GMT
The current legislation regarding ISAs (which have been modified to include P2P investments) only permit you to open one ISA per tax year. However, you are able to transfer money you have invested in an ISA in the current year to another provider, providing the full amount is transferred. The rules effectively mean that for any current tax year, you can only have one live ISA account with a single provider, but doesn't prevent you from changing provider providing you transfer the full current year balance across. ISA's opened in prior years can be left open, but cannot be added to in subsequent years (although you can open a new one with the same provider). You can transfer old ISAs in whole or in part to any other provider that accepts transfers at any time. A basic guide provided by government can be read here: www.gov.uk/individual-savings-accounts/how-isas-work |
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Post by wickedxuk on Sept 26, 2016 11:20:08 GMT
Thanks all I obviously missed this along the way! Can't see any of the p2p platforms getting full FCA before the next financial year so I'm still content to use the Crowd2Fund one for now 🖒 and if the others do end up providing one next year I will consider my options.
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ilmoro
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'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Sept 26, 2016 12:23:11 GMT
The current legislation regarding ISAs (which have been modified to include P2P investments) only permit you to open one ISA per tax year. However, you are able to transfer money you have invested in an ISA in the current year to another provider, providing the full amount is transferred. The rules effectively mean that for any current tax year, you can only have one live ISA account with a single provider, but doesn't prevent you from changing provider providing you transfer the full current year balance across. ISA's opened in prior years can be left open, but cannot be added to in subsequent years (although you can open a new one with the same provider). You can transfer old ISAs in whole or in part to any other provider that accepts transfers at any time. A basic guide provided by government can be read here: www.gov.uk/individual-savings-accounts/how-isas-workOne ISA of each type, which can be with different providers. (HTB counts as cash)
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arbster
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Post by arbster on Sept 26, 2016 13:59:47 GMT
ISA's opened in prior years can be left open, but cannot be added to in subsequent years (although you can open a new one with the same provider). You can also add to a previous year's ISA in a subsequent year, but it counts as your ISA (of that type) for the new year.
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Post by jordan on Sept 28, 2016 12:18:31 GMT
Thanks all I obviously missed this along the way! Can't see any of the p2p platforms getting full FCA before the next financial year so I'm still content to use the Crowd2Fund one for now 🖒 and if the others do end up providing one next year I will consider my options. Hey, if you weren't already aware, Crowdstacker offer IFISA. We conducted an interview with CEO, Karteek Patel, the other day. Pretty insightful and he touches on the IFISA too! www.orcamoney.com/blog/crowdstacker-interview-karteek-patel-2016
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Post by funtimedave on Nov 29, 2017 8:08:15 GMT
'Rise from your Grave'
Anyone still have money in here.
I have about 4% of my P2P fund with them. Trying to make a decision on whether to invest more.
So far I have had regular payments and no defaults but them none of my loans have come to term yet.
I can't say any of the current loans on there though fill me with excitement to invest.
What have other peoples experiences been now a bit of time has passed?
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macq
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Post by macq on Nov 29, 2017 8:32:30 GMT
'Rise from your Grave' Anyone still have money in here. I have about 4% of my P2P fund with them. Trying to make a decision on whether to invest more. So far I have had regular payments and no defaults but them none of my loans have come to term yet. I can't say any of the current loans on there though fill me with excitement to invest. What have other peoples experiences been now a bit of time has passed? Assuming you are talking about Crowd2fund? Have been following them for a few months while i um & er about joining. Would say there have been more loans offered over the last few weeks & at the moment for slightly bigger companies. But by looking at their SM or what they call the exchange they have 3 or 4 loans in arrears with people offering a premium to get out which is the first time i have seen that.Not sure how well they handle defaults so this may be their first test(unless you know from being with them?) Have also noticed one of the offerings at the moment is for Crowd2fund itself.They are looking to raise 10 million with 1 million on offer to customers for 3% of the company and with mention of how fast they are growing,yet they never get a mention on here.
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zlb
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Post by zlb on Dec 1, 2017 12:34:43 GMT
'Rise from your Grave' Anyone still have money in here. I have about 4% of my P2P fund with them. Trying to make a decision on whether to invest more. So far I have had regular payments and no defaults but them none of my loans have come to term yet. I can't say any of the current loans on there though fill me with excitement to invest. What have other peoples experiences been now a bit of time has passed? Assuming you are talking about Crowd2fund? Have been following them for a few months while i um & er about joining. Would say there have been more loans offered over the last few weeks & at the moment for slightly bigger companies. But by looking at their SM or what they call the exchange they have 3 or 4 loans in arrears with people offering a premium to get out which is the first time i have seen that.Not sure how well they handle defaults so this may be their first test(unless you know from being with them?) Have also noticed one of the offerings at the moment is for Crowd2fund itself.They are looking to raise 10 million with 1 million on offer to customers for 3% of the company and with mention of how fast they are growing,yet they never get a mention on here. I think that now is when one should see how they handle defaults. I read something implying that they follow through claims as legal etc.
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macq
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Post by macq on Dec 1, 2017 13:33:09 GMT
with at least 4 loans in default it should prove how much worth can be given to a PG from a director
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zlb
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Post by zlb on Dec 2, 2017 11:10:26 GMT
with at least 4 loans in default it should prove how much worth can be given to a PG from a director yes. I'd like to see a better presentation on their exchange - after purchasing a part, it reverts back to no filters.
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archie
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Post by archie on Apr 20, 2018 6:56:57 GMT
How is Crowd2Fund performing now?
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hector
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Post by hector on Apr 20, 2018 11:59:28 GMT
How is Crowd2Fund performing now? Hi archie. I'm not sure if your Q is addressed to a representative of C2F or forum member? If the latter, Ive been monitoring C2F for 14 months & gradually building up a portfolio with them for 11 months. As they are a newish platform I have limited my investments to £100 - £125 each (their minimum) & now have 26 separate investments grossing 10.1% with no defaults to-date (but as we know from the cycle with other platforms, its early days yet). Offers were slow at first but in the past 2 or 3 months there seem to be 3 - 5 offers of loans appearing. Slight negatives are that you do not receive interest on pledged investments, so you money can be sat for 2 or 3 weeks earning nothing; they take a small fee from each monthly borrower payment (just something I personally do not like) & their website is still evolving. What I do like about them though is that it is a different type of investment to many of the established platforms in that you are investing in a business for expansion/development, not property/bricks (clay!) & mortar.
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amwinv
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Post by amwinv on Jul 6, 2018 15:03:48 GMT
How is Crowd2Fund performing now? Well, if you believe the ad I've just seen on this forum, they seem to be doing incredible for a platform that doesnt even have its own dedicated section?!?! 49% of all IFISAs last year? Can that be possibly right? Attachments:
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