Some P2P lending sites offer attractive cashback deals for new lenders of up to £250 or 10%. A P2P lending site should convincingly pass a lot of tests before you trust it with your money. Accepting cashback bribe with your ordinary peer-to-peer lending accounts or your IFISAs is usually way, way down at the bottom of that… Read more
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P2P Lending And IFISA Cashback Deals Available Now
Win £100 In May – By Helping Fellow 4thWay Users
In May, the most interesting and well-written comment about peer-to-peer lending or IFISAs that is posted on 4thWay’s discussion boards, or the most interesting emailed contribution we receive, will win £100 if we choose to publish it. We may even pay out for more than one contribution if we can’t decide on a winner. It… Read more
Latest 4thWay PLUS Rating News
4thWay’s experts are now part-way through their latest reassessment of the P2P lending sites’ (and P2P IFISA providers’) 4thWay PLUS Ratings. As usual, they took the opportunity to make measurable improvements to our ratings methodology. All the improvements make the 4thWay team feel better, because they ironed out a couple of creases. But, on this… Read more
The IFISA (P2P ISA) Guide
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
4 Lessons For P2P Lenders From 2018
2018 was another record year for peer-to-peer lending, with several big players passing major milestones last year. Big numbers and positive returns During 2018, Zopa* passed the £4 billion mark for cumulative lending since launching in 2005, while cumulative loans at RateSetter* passed £3 billion in late 2018. With P2P lending now 14 years old,… Read more
Man Down!
One of your fellow 4thWay webite users, “JamesFrance”, has now retired from the user panel that governs 4thWay, after working voluntarily on your behalf for several years to ensure 4thWay remains independent. 4thWay’s Panel of Peers ensures our accuracy, impartiality, and candid research. James, I want to give you a big thanks on behalf of… 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
Lendy Sends Shockwaves But No Surprises
From our point of view, it was never a good start for Lendy, formerly called Saving Stream. Since the beginning, it never passed the basic, simple tests cited in principles one and three of 4thWay’s 10 P2P Investing Principles. In short, Lendy hasn’t provided enough information about its risks and rewards to be properly assessed… Read more
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
CrowdProperty Opens Up On Its Performance
We have some rare information about CrowdProperty‘s performance and it looks like it is finally opening up, allowing a wee bit of analysis of some the risks. This is great for me, because I’ve suspected that this is one of the rare P2P lending sites that is both secretive and yet – probably – very… Read more