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Crowd for Angels launches added incentive for investors

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UK crowdfunding specialist Crowd for Angels has announced that a 2 per cent annual equivalent rate (AER) is to be calculated on any Innovative Finance ISA (IFISA) balances from the date of opening until 15 June 2017.

The interest payment (which does not qualify for a tax exempt status under ISA rules) will be paid into a client’s IFISA as a single payment within three working days of the June deadline.
 
The IFISA joins the better-known cash and stocks and shares ISAs, enabling clients to invest their money into crowdfunded debt securities and earn tax free returns.
 
Crowd for Angels has designed its ‘Crowd Bonds’ for this purpose.  
 
Crowd Bonds are debt securities which allow investors to lend money to UK companies. They are secured against the borrowing company's assets and provide a regular flow of income which can help in your financial planning. Because Crowd Bonds can be included within in the IFISA wrapper, investors can get to tax free returns.
 
Crowd for Angels Crowd Bonds are crowdfunded bonds that can be invested through an IFISA, which can be set up alongside cash and stocks and shares ISAs to get tax free returns.
 
All Crowd for Angels’ Crowd Bonds are secure and can pay up to 9 per cent per annum and Crowd for Angels’ IF-ISA enables investors to select and lend money on secured terms directly to UK companies seeking funds to expand, diversify or develop their businesses.
 
Companies then access the funds they need, while investors have the potential to earn higher rates of interest than they could on bank deposits or cash ISAs.
 
Clients can invest part or all their ISA allowance into an IFISA each year and can also transfer in any existing ISA funds from previous years.
 
The Crowd for Angels’ ISA is free to open, available online 24/7 and offering a choice of UK companies to lend to. It takes less than five minutes to open.
 
Crowd for Angels CEO Tony De Nazareth says: “With interest rates on Cash ISAs currently at an all-time low, we expect to see high demand for our Crowd Bonds. Investors willing to take on extra risk by lending to companies have the opportunity of making tax free returns of up to 9 per cent per annum on our asset backed bonds, which compares to an average interest rate of just 0.64 per cent on a Cash ISA.”

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