We have nagged the taxman’s notoriously tight-lipped officials, and chased down accountants, IFISA providers and even 4thWay’s own skilled experts to give you answers to all your IFISA questions, as well questions you never thought to ask. Here goes: What is an IFISA? An IFISA allows you to lend up to £20,000 per tax year (which… Read more
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The IFISA (P2P ISA) Guide
P2P Pensions Guide
Most people benefit from automatic tax breaks on peer-to-peer lending as explained in our guide: How Is Peer-to-Peer Lending Taxed? However, not everyone does, which can make lending through a pension attractive. And there are other advantages to lending in a pension. There are also cons though, so here’s everything you need to know: The main benefits of… Read more
P2P Lending And IFISA Cashback Deals Available Now
A P2P lending site should convincingly pass a lot of tests before you trust it with your money. Getting a cheap cashback bribe with your ordinary peer-to-peer lending accounts or your IFISAs is usually way, way down at the bottom of that checklist. You want to assess the risks first and the interest rate compared to… Read more
Proplend: Now You Can Auto-Lend On 50% LTV Property Loans
Proplend has launched an auto-lend feature for its “tranche A” property loans, whether you lend through its regular account or its IFISA. Proplend’s tranche A loans, which have the highest, +++ Rating from 4thWay, are for a maximum of 50% of the property’s valuation. Many loans are against properties are earning income for the borrowers by… Read more
Abundance: A £4 Million Lesson In The Risks Of Green-Energy Loans
The collapse of a green-energy project that was crowdfunded to the tune of £3.9 million gives valuable lessons to individuals funding new and complicated infrastructure products through peer-to-peer lending sites. Here’s what happened followed by 10 lessons for lenders in future. What was the loan for? The project was for a new business to borrow… Read more
More LendingCrowd Accounts Earn 4thWay PLUS Ratings
LendingCrowd’s Growth and Income peer-to-peer lending accounts, including the IFISA versions, have now earned “Excellent” 4thWay PLUS Ratings. Previously, just LendingCrowd’s Self Select lending account and IFISA had earned a rating. Why have these accounts been upgraded so soon? The two LendingCrowd* accounts have been awarded ratings just a few weeks after our last assessment…. Read more
Where Can You Buy Or Sell Existing Loans?
See a list of all the peer-to-peer lending secondary markets, how much they cost and whether you can buy and sell loans at a discount or premium. A peer-to-peer lending secondary market – or marketplace – allows you to buy and sell existing loans after they have already begun. Why would you do this? Because… Read more
How Is Peer-to-Peer Lending Taxed?
When you earn money through peer-to-peer lending it is usually classed as income, so you could be charged income tax. There are, however, huge tax breaks, including an automatic break for many people, as well as specific peer-to-peer lending accounts that you can open which are always tax free. Key P2P tax rules in bullets Most… Read more
How We’ve Improved The 4thWay PLUS Ratings
A recap of the first major upgrade We improve the 4thWay PLUS Ratings over time. Many of the changes are small, but today we launched our second ever big upgrade. In the first major upgrade a couple of years ago, we progressed from the 4thWay Risk Ratings – a measure of the risks – to… Read more
4thWay’s 10 P2P Investing Principles
Throughout this site, we call lending, “lending”. Funnily enough. But that word can sound a bit casual and easy. Like you’re giving some chums, some fellow countrypersons or local businesses, a bit of cash in return for a bit of interest. A simple income on the side where everyone’s a winner. Instead, you need to consider… Read more