HNW Lending reveals 8-12pc IFISA track record
HNW Lending has revealed that its Innovative Finance ISA (IFISA) has returned between eight and 12 per cent per annum since its inception in 2017.
The peer-to-peer lending platform released the figures to mark the seventh anniversary of its IFISA. The platform’s chief executive Ben Shaw said that he also wanted to draw attention to the long track record of the tax wrapper around debt-based securities, ahead of the imminent introduction of new IFISA rules.
On 5 April, the IFISA remit will be extended to include open-ended property funds and long-term asset funds. IFISA investors will also be able to invest with more than one new IFISA provider per year for the first time.
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“I think that the opening up of the IFISA is going to lead to more investors taking advantage of what is an excellent risk-adjusted return asset class that many people are not currently even aware of,” said HNW Lending’s Shaw.
“I believe that the IFISA should be an essential part of any risk-adjusted portfolio.”
Since 2017, more than £4.1m has been invested into the HNW Lending IFISA, with investors earning approximately £2.1m in interest.
Shaw added that the platform’s first ever IFISA investor invested their fill ISA allowance of £20,000. Since then, that investor has invested a total of £87,000 into the tax-free investment wrapper, earning £33,000 in interest.
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“IFISAs have been a very important part of our business and we are proud of our record in the IFISA market,” said Shaw.
“Most of our investors tend to reinvest with us each year, so we must be doing something right.
“We have taken more than £4m of investor money since 2017, and our IFISA investors have earned approximately £2m in interest payments since then.”
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