This is Crowdfunders on Share Radio, the show that covers the fast-growing world of alternative finance, hosted by Share Radio’s Senior Analyst, Ed Bowsher.
In today's show: A new innovative finance ISA that is launching this week, and Ed talks to the bosses of the Abundance and Thincats platforms. We also have a 'platform profile' on Lendinvest.
Starting with the innovative finance isa - the idea is that you can lend money on the well-known peer to peer platforms - people like Zopa and Ratesetter - and you won't have to pay any income tax on the interest you earn.
Trouble is, the isa is launching this week, but loans on the big platforms aren't eligible for an isa. So to find out more, Ed spoke yesterday to a real alternative finance expert, Bruce Davis, who's been on Share Radio many times. He also runs the Abundance platform.
He started by asking Bruce: 'why on earth aren't most platforms eligible for the ISA, what's going on?'