IFISAcava
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Post by IFISAcava on Jun 23, 2019 12:32:58 GMT
Note that Property Crowd now charges a £50 transfer out fee after the first transfer, which is a change in T&C's that caught me out. Ended up with a very high percentage charge on my last transfer after the previous ones had been without a charge. (And all in addition to the 0.95% charge on total balance on account including cash).
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Jul 8, 2019 16:01:23 GMT
ilmoro for Landbay you show a "Yes" for transfers in (correct) but contradict this in the comments. Edit: And for Goji you have amended the table entry but there is also a footnote which should be deleted. Edit 2: Capital Rise ISA is flexible.
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duck
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Post by duck on Jul 23, 2020 6:40:37 GMT
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greatmarko
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Post by greatmarko on Jul 23, 2020 9:29:21 GMT
Domain has since been suspended
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aju
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Post by aju on Jul 24, 2020 8:39:49 GMT
Domain has since been suspended Standby for ukfca, fcauk, uk-fca, fca-uk etc etc etc... 
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qwakuk
Member of DD Central
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Post by qwakuk on Jul 18, 2022 15:09:37 GMT
Does anyone know if there is a definitive list of authorised platforms as planning on claiming income tax loss relief on funds stuck on Ablrate platform for 2021/22 and possibly 2020/21
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benaj
Member of DD Central
N/A
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Post by benaj on Jul 18, 2022 15:46:33 GMT
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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 Jul 18, 2022 19:09:52 GMT
Does anyone know if there is a definitive list of authorised platforms as planning on claiming income tax loss relief on funds stuck on Ablrate platform for 2021/22 and possibly 2020/21 Not aware of definitive list but here are the main ones that qualify for loss relief as they hold the required operating an electronic platform permission (Do double check the FCA register for the ones of interest ... some may offer products that dont qualify ie bonds) Archover Assetz Exchange Assetz Capital Crowdproperty Crowdstacker Easymoney Elfin Market Folk2folk FundOurselves HNW Lending Invest & Fund Kuflink Landlordinvest Lendwise Loanpad Proplend Rebs Relendex Sourced Capital Unbolted
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qwakuk
Member of DD Central
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Post by qwakuk on Jul 18, 2022 19:37:52 GMT
Thank you Ilmoro, will revise my tax return before the weekend and reduce what I owe on 31 July
When and if we ever recover any of the money will just pay tax on it at the time
Happy to stand my corner should the taxman come looking for answers as to why I am claiming loss relief
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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 Jul 18, 2022 20:55:36 GMT
Thank you Ilmoro, will revise my tax return before the weekend and reduce what I owe on 31 July When and if we ever recover any of the money will just pay tax on it at the time Happy to stand my corner should the taxman come looking for answers as to why I am claiming loss relief Obviously ablrate, moneything, funding secure, Lendy also qualify
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qwakuk
Member of DD Central
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Post by qwakuk on Jul 19, 2022 8:11:11 GMT
Thank you Ilmoro, will revise my tax return before the weekend and reduce what I owe on 31 July When and if we ever recover any of the money will just pay tax on it at the time Happy to stand my corner should the taxman come looking for answers as to why I am claiming loss relief Obviously ablrate, moneything, funding secure, Lendy also qualify It's the AblRate loans I am going to claim tax relief on by assuming they will be a bad debt. I was late to join the P2P party so missed out on the last 3 you mention.
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Post by The Money Platform on Apr 10, 2024 11:34:32 GMT
Does anyone know if there is a definitive list of authorised platforms as planning on claiming income tax loss relief on funds stuck on Ablrate platform for 2021/22 and possibly 2020/21 Not aware of definitive list but here are the main ones that qualify for loss relief as they hold the required operating an electronic platform permission (Do double check the FCA register for the ones of interest ... some may offer products that dont qualify ie bonds) Archover Assetz Exchange Assetz Capital Crowdproperty Crowdstacker Easymoney Elfin Market Folk2folk FundOurselves HNW Lending Invest & Fund Kuflink Landlordinvest Lendwise Loanpad Proplend Rebs Relendex Sourced Capital Unbolted Hi - You missed us off your list - The Money Platform ( themoneyplatform.com/invest). The Money Platform is larger than many of those you have listed, funding >£1.3m of loans last month and consistently funding more than £1m of loans per month. You can find our outcomes statement here: themoneyplatform.com/outcomes-statement Key Points for those who have not invested in our platform: - Gross Return for our most recent completed year was 33.2%- 98% of lenders who have funded more than 50+ Loans are in profit on their account (all loans since 1st July 2018, all loans more issued more than 180 days prior to run, data run at 1st Feb 2024) - We issue tax statements, like the other platforms mentioned - Funding >£1m a month in short term consumer loans to UK based individuals using our bespoke credit decisioning tools - Many of our lenders have been investing on our platform for 5+ years, we have been trading since 2016 and were one of the first platforms to get full FCA authorization - As a company we are profitable and growing, all the whole improving our product - UK Based, FCA Regulated - We don't have an IFISA, lenders need to achieve adequate diversification through investing to get a spread of loans - Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more: themoneyplatform.com/investing-on-the-money-platform
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Post by filip on Apr 10, 2024 11:46:27 GMT
The Money Platform - Haven't this forum shown that the bigger platform (in terms of volume), the lower the return to lenders and/or increased chance of platform failure? Although no real study has been done to verify this (at least none that I am aware of, do let me know if you're aware of one), it would appear that empirical facts point to this. Filip
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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 Apr 10, 2024 12:14:20 GMT
Not aware of definitive list but here are the main ones that qualify for loss relief as they hold the required operating an electronic platform permission (Do double check the FCA register for the ones of interest ... some may offer products that dont qualify ie bonds) Sorry Kev, but took you long enough to notice 
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Post by The Money Platform on Apr 10, 2024 13:14:50 GMT
The Money Platform - Haven't this forum shown that the bigger platform (in terms of volume), the lower the return to lenders and/or increased chance of platform failure? Although no real study has been done to verify this (at least none that I am aware of, do let me know if you're aware of one), it would appear that empirical facts point to this. Filip Now that all peer-to-peer firms have a properly funded wind-down plan I think this will certainly help rebuild some trust. Those left in the industry at this point tend to be fairly well tested. The Money Platform has been profitable for over two years now and continues to re-invest profits in improvements for borrowers and lenders. Our returns are have been consistently if not the highest, amongst the highest, in the industry. 33.2% in the last completed year. This reflects that we offer unsecured consumer loans with high risk attached, but also that we have a extremely good credit decision engine. You can see our returns here: themoneyplatform.com/outcomes-statement On a personal level I very much agree that unprofitable, poorly funded and aggressively expansionist firms have caused many problems and tarnished the industry. Any discussion around peer-to-peer lending comes with the important risk warnings. Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more: themoneyplatform.com/investing-on-the-money-platform
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