HMRC allows ISA access to peer-to-peer lending trusts

Alice Rigby
clock

HM Revenue & Customs (HMRC) has widened the range of investments available through ISAs to include peer-to-peer lending trusts.

The Chancellor announced peer-to-peer loans would be allowed in ISAs in his 2014 Budget. However, investment trusts invested in peer-to-peer lending were not eligible. HMRC has now made the decision to drop restrictions on these types of investments, after lobbying from groups including the Association of Investment Companies (AIC).  Guy Rainbird, AIC public affairs director, said: ""The investment company sector has responded quickly to the growth of peer-to-peer financing. "Recent fund launches give retail investors the opportunity to access this market in a way which spreads ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Investment Trusts

Chancery Lane launches investment trusts/retirement income adviser initiative

Chancery Lane launches investment trusts/retirement income adviser initiative

To help advisers ‘get to grips’ with building drawdown portfolios

Jenna Brown
clock 10 July 2025 • 3 min read
Baillie Gifford: Investment trusts that mirror OEICs 'vulnerable to attack'

Baillie Gifford: Investment trusts that mirror OEICs 'vulnerable to attack'

Warning comes following Saba saga

Linus Uhlig
clock 20 May 2025 • 2 min read
AIC expands adviser education resource with Knowledge Base launch

AIC expands adviser education resource with Knowledge Base launch

Free resource contains six guides for financial advisers

Jenna Brown
clock 18 March 2025 • 1 min read