Cheshire-based People to People Lending Platform Receives Substantial HMRC Tax Incentives for New Investors

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Cheshire-based People to People lending platform receives substantial HMRC tax incentives for private individual investors via its £300,000 equity Crowdfunding pitch now live on

Lee Birkett: Founder and CEO Comments;

“Following a very nervous wait, we now have the green light to press ahead with the planned recruitment of up to 20 new staff from the region in the run up to Peer to Peer (People to People) FCA regulation, which comes into effect April 2014.

Crowdfunding is a financial phenomenon that is taking the world by storm. The extremely generous HMRC tax incentives, which can give qualifying investors up to 50% up-front tax relief and no Capital Gains Tax on exit is a smart move by the Government.

At a time when the UK’s population are getting little or no savings from the banks, this is a huge boost to allow private individuals to become stakeholders in opportunities and savings yields previously reserved for the financial elite. The UK public can now become the tax efficient dragons, both as shareholders and private lenders.

As a Shareholder;

Day 1 qualifying investors benefit from the HMRC Seed Enterprise Investment Scheme and Enterprise Investment Scheme. This gives 50% tax relief to the first £150,000 of investors and 30% tax relief to those over £150,000. There is also 100% Capital Gains Tax relief available to qualifying investors.

To join the crowd as a shareholder, visit

As a Lender/Investor;

Lenders/Investors benefit from 2 – 5 year fixed yields of up to 12% p.a. The Government are in consultation to allow individual lending via Peer to Peer platforms to be permitted as part of the annual tax free ISA allowance. The individual loans/asset class can currently form part of qualifying individual pension arrangements and we expect this to be rolled out post April 2014.

To join the crowd as a Lender/Investor:

With the Bank of England and the UK banks looking like keeping interest rates low on savings for the foreseeable future. The opportunity to get a better return on your money in a tax efficient manner is being well received by all. It’s very rare that we are able to promote a win-win.”

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Lee Birkett
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