ThinCats newsletter January 2016
Welcome to the first edition of the ThinCats newsletter. We open with a look back and forward at the start of the year, with major developments taking place with the business and the peer to peer market.
The Innovative Finance Individual Savings Account (or “IFISA”) is due to be launched on 6th April but they can only be offered by peer to peer platforms that have achieved full FCA regulation and so far none have achieved that status.
ThinCats plans to offer its own IFISA product as soon as we have achieved full regulation and we are expecting demand to be very high. It is likely that we will need to limit applications and those who have pre-registered will be given priority. If demand is very strong active ThinCats members will be given top priority. You can register your interest by completing this short survey.
How the ThinCats ISA will operate
The ThinCats ISA wills only be appropriate for UK Income Tax payers who are over 18 years of age and is not suitable for businesses, pension funds or non-tax payers.