Blog
16th March 2015

2015 Budget: What Wellesley is looking out for

ISA (Individual Savings Account) on gold coins with white backgr

On Wednesday, George Osborne is due to deliver the 2015 Budget which, will serve as his last opportunity to impress the nation before the General Election on May 7th. The country will be eagerly awaiting news on elements ranging from trade in annuity to pension contributions. However, Wellesley & Co. will be listening intently to any Peer-to-Peer ISA updates that could be included.

In 2014, the Chancellor of the Exchequer announced a radical shake-up of ISAs, increasing the amount of tax-free savings from £11,250 to £15,000. Further to this, the Government also stated plans to allow people to invest in Peer-to-Peer lending through an ISA. If the plans are implemented, investors could maximise their investments by seeing potentially three-fold returns on their funds.

Allowing Peer-to-Peer lenders to operate within an ISA-type tax shelter would enable returns to be not only tax free but also, more competitive to investors. Moreover, investing in P2P platforms will see lenders place funds in a range of alternative pots. Wellesley & Co. give lenders the opportunity to invest in property with as little as £10, which is spread across the company’s entire loan book to increase diversification of funds.

It must be noted that Peer-to-Peer investments involve risk. Peer-to-Peer lenders like Wellesley & Co. are not covered by the Financial Services Compensation Scheme (FSCS), however Wellesley & Co. is regulated by the Financial Conduct Authority (FCA).

Peer-to- Peer ISA updates will follow here on the Wellesley & Co. blog when they are received.

Bear in mind

Wellesley Property Bond

  • The Wellesley Property Bond has a fixed rate and duration.
  • The Wellesley Property Bond is an ISA eligible investment, allowing you to earn tax free interest on your investment. Please note, tax allowances and the tax efficient benefit of ISAs could change in the future.

Your capital is at risk and interest payments are not guaranteed. Investment in any Wellesley Property Bonds are not covered by the Financial Services Compensation Scheme (FSCS). In the event of a loan default or if Wellesley Secured Finance Plc becomes insolvent, you may lose some or all of your investment, including interest payments due. If you are in any doubt about making an investment or do not fully understand the risks, you are strongly recommended to consult an independent professional financial adviser before you subscribe.

Wellesley is the singular name for the following collective of companies, Wellesley Group Limited (09811856), Wellesley & Co Limited (07981279) and Wellesley Finance Plc (08331511). Wellesley Secured Finance Plc was established as a special purpose vehicle for the sole purpose of issuing asset backed securities and is not part of Wellesley Group.

The information contained in this website has been approved as a financial promotion for UK publication by Wellesley & Co Limited (FRN 631197) who is authorised and regulated by the Financial Conduct Authority (FCA). Wellesley Property Bonds are issued by Wellesley Secured Finance Plc (the Issuer) and is not authorised or regulated by the FCA.

Wellesley & Co Limited and Wellesley Finance Plc are registered in England and Wales and their registered office and trading address is at St Albans House, 57/59 Haymarket, London SW1Y 4QX. The registered address for Wellesley Secured Finance Plc is at 1 Bartholomew Lane, London, EC2N 2AX.

 

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