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Innovative finance ISA

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HMRC is consulting until 1 February 2016 on draft amendments to the ISA regulations to create a third type of individual savings account called the ‘innovative finance ISA’, with effect from 6 April 2016.

HMRC is consulting until 1 February 2016 on draft amendments to the ISA regulations to create a third type of individual savings account called the ‘innovative finance ISA’, with effect from 6 April 2016. Peer to peer loan repayments, interest and gains will be eligible investments within an innovative finance ISA. For draft regulations, see www.bit.ly/1YY9nxO. For policy paper, see. www.bit.ly/1Nb5b8t.

Issue: 1289
Categories: News
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