Innovative Finance ISA will create more choice for consumers, says P2PFA

The P2PFA welcomes the Chancellor’s statement in the Summer Budget confirming the inclusion of peer-to peer loans in ISAs and confirming the detailed policy proposals. Consumers lending their hard earned cash on P2P platforms should be able to benefit from ISA tax protection on their investments up to £15,240 from early 2016.

P2P lending will have its own ISA wrapper which will help avoid consumer confusion and offer investors more choice.

Christine Farnish, Chair of the P2PFA said:

We are absolutely delighted by today’s decision. The creation of the Innovative Finance ISA will encourage more people to benefit from the fair deal that P2P lenders offer without getting confused between stocks and shares, P2P lending or cash savings. P2P lending differs significantly from both equity investments and from bank deposits. We urge caution not to rush including riskier forms of crowdfunding as part of this new ISA. 

“It is a good day for investors and our sector.”


For further information please contact:

Adam Taylor,, 0207 297 5971

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About the P2PFA:  The Peer-to-Peer Finance Association is a UK trade body that maintains Rules and Operating Principles that must be followed by all Member organisations to protect the interests of all their consumer and small business customers. The P2PFA publishes quarterly figures showing industry data and the cumulative lending. On April 1 2014, peer-to-peer lending became regulated by the Financial Conduct Authority.   The P2PFA’s current membership includes: Funding Circle, Landbay, Lending Works, LendInvest, Madiston LendLoanInvest, MarketInvoice, RateSetter, ThinCats and Zopa.