ilmoro
Member of DD Central
'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 Mar 20, 2017 14:43:30 GMT
Started to have a look at formax, but need to learn Mandarin first! Cant see no oranges or apes on the site, some gems.  www.formaxcredit.co.uk/Maybe my google, for some reason, just brings up P2P sites as first hit on any word  Looks like a branch of Formax Capital the broker & trading platform.
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Mar 20, 2017 14:57:32 GMT
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
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Post by Neil_P2PBlog on Mar 20, 2017 18:46:39 GMT
I've put together a similar table that compares the live IF ISA's with all time lending (where available), estimates of how many people use the site (website traffic from Similar Web), fees and gross returns: p2pblog.co.uk/innovative-finance-isa/#Compare |
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stevio
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Post by stevio on Mar 20, 2017 19:23:21 GMT
I've put together a similar table that compares the live IF ISA's with all time lending (where available), estimates of how many people use the site (website traffic from Similar Web), fees and gross returns: p2pblog.co.uk/innovative-finance-isa/#CompareThanks What does all time lending mean? Total loans? Gross rates don't sort - Up to 12% appears at the bottom, Charles will not be happy being at the bottom  Could you maybe add min investment and date established?
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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
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Post by ilmoro on Mar 20, 2017 19:42:37 GMT
I've put together a similar table that compares the live IF ISA's with all time lending (where available), estimates of how many people use the site (website traffic from Similar Web), fees and gross returns: p2pblog.co.uk/innovative-finance-isa/#CompareVery nice (I assume the cheque is in the post ) Ill stick the link in the OP Couple of comments Is the image with the rocket supposed to be a link as it doesnt seem to be clickable? Not sure if their is any need to split Crowd for Angles from the rest. Crowd Bonds are debt securities, same as Abundance. HTB ISA count as cash ISA and I dont think they are being phased out in favour of the Lifetime ISA due to the restrictions on the LISA. (Not to mention nobody is offering it) HTB mortgages are going but not the ISA. Age restriction on LISA - have to be under 40 to open - isnt mentioned (Still awaiting the final rules) Definately possible to transfer (no need to take FC/RS word) though subject to T&Cs of both new & old provider There are now 4 distinct types you can spread your allowance over as the LISA is distinct type
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Neil_P2PBlog
P2P Blogger
Use @p2pblog to tag me :-)
Posts: 355
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Post by Neil_P2PBlog on Mar 20, 2017 19:55:02 GMT
Thanks for the comments stevio and ilmoro, already started to update them! All time lending is the total loans made on the platform to date. Unfortunately the datatables plugin sorts anything that is not a simple number as a text field so there's no easy way to sort the gross rates. The rocket image is just included to look nice... no other purpose  |
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stevio
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Post by stevio on Mar 20, 2017 20:37:06 GMT
Thanks for the comments stevio and ilmoro, already started to update them! All time lending is the total loans made on the platform to date. Unfortunately the datatables plugin sorts anything that is not a simple number as a text field so there's no easy way to sort the gross rates. The rocket image is just included to look nice... no other purpose Maybe 2 columns then, max and min rate entered as figures?
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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 Mar 22, 2017 8:14:31 GMT
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pom
Member of DD Central
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Post by pom on Mar 22, 2017 9:12:00 GMT
Wow it's all getting very interesting, the list is starting to get very long...am kinda glad I didn't have to make a decision "this" year with so many newbies turning up at the last minute. No clue right now what I'm going to do "next" year. But I have a feeling when I transfer my maturing cash ISA I'll be splitting it into lots of pieces...
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mason
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Post by mason on Mar 22, 2017 20:34:48 GMT
Wow it's all getting very interesting, the list is starting to get very long... The list is getting very long, yet none of the names I hoped to see on it have appeared yet. No offence to those who are on it.
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stevio
Member of DD Central
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Post by stevio on Mar 23, 2017 7:28:56 GMT
I just wanted to ask a question, but also bring to other people's attention a post that pom made on another less frequented thread that might benefit others here on a more popular thread (Not sure how to link to or quote, so I hope you don't mind pom I just cut an pasted) If you're that uncertain then given there's so little time left rather than rush into something you may potentially regret later, why not bung it all in a cash ISA (or put a smaller amount in an IFISA and the rest in a cash ISA) and then transfer it into potentially more than one IFISA after Apr 6th.This seems like a very sensible idea! Can I just ask, I presume the premise here is if your opening an IFISA with 'new' money this year, can you only open one? Therefore by transferring previous year's allowances instead, which I presume you can make multiple transfers to multiple IFISA's, you can then potentially diversify? Does anyone know how LISA will effect the number of ISA's you can open in a year? Tagging james and ilmoro as they seem to be extremely good with ISA rules! |
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Post by Deleted on Mar 23, 2017 7:39:20 GMT
stevio you can only open one of each type of ISA for 'new' money each tax year. So for 16/17 you can open a Cash ISA, S&S ISA and an IFISA for new money totalling no more than £15240 Then for 17/18 LISA just adds to the list so you can open one of each of the four types and deposit 'new' money up to the increased limit of £20k ISA transfers are outside of these limits and restrictions, assuming a bank/platform providing an ISA of any type allow transfers in, you can freely move previous yrs ISA money to unlimited platforms. I believe these tranfers have to come from ISA cash account, so money held in a S&S ISA would need to be moved to a cash ISA before transferring to an IFISA is my understanding!
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pom
Member of DD Central
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Post by pom on Mar 23, 2017 7:40:54 GMT
I just wanted to ask a question, but also bring to other people's attention a post that pom made on another less frequented thread that might benefit others here on a more popular thread (Not sure how to link to or quote, so I hope you don't mind pom I just cut an pasted) If you're that uncertain then given there's so little time left rather than rush into something you may potentially regret later, why not bung it all in a cash ISA (or put a smaller amount in an IFISA and the rest in a cash ISA) and then transfer it into potentially more than one IFISA after Apr 6th.This seems like a very sensible idea! Can I just ask, I presume the premise here is if your opening an IFISA with 'new' money this year, can you only open one? Therefore by transferring previous year's allowances instead, which I presume you can make multiple transfers to multiple IFISA's, you can then potentially diversify? Does anyone know how LISA will effect the number of ISA's you can open in a year? Tagging james and ilmoro as they seem to be extremely good with ISA rules! LOL if I haven't already mentioned it in this thread it's probably only cos I've been suggesting it on pretty much every other thread where people have been debating which one to go for this last couple of months as it's also my strategy  Edit - correction - see p8....and 11....but thank you for highlighting it
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archie
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Post by archie on Mar 23, 2017 7:46:38 GMT
Does anyone know how LISA will effect the number of ISA's you can open in a year? A LISA forms part of your total ISA allowance. If you put £4000 into a LISA in 2017/18 it leaves £16000 for other ISA types.
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stevio
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Post by stevio on Mar 23, 2017 7:49:18 GMT
Is there any restriction in a tax year to the number of ISAs you can open to transfer in previous year's allowances?
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