Budget Boost on Cards for House Crowders
A budget for pensioners and savers was the prevailing press opinion of chancellor George Osborneâ€™s 2014 budget.
And, as one of our investors mailed in to tell us (thanks, Peter), a good budget for The House Crowd and all our investors.
The government has completely changed the rules pertaining to ISAâ€™s, with savers now able to invest up to Â£15,000 in cash accounts, or stocks and shares, or both, and move money between stock market investments and cash savings all wrapped up in a new ISA.
The birth of NISA also marked auspicious beginnings for P2P lending and crowdfunded platforms.
â€œTo further increase the choice that ISA savers have about how they invest, ISA eligibility will be extended to peer-to-peer loansâ€¦.The government will also explore extending the ISA regime to include debt securities offered by crowdfunding platforms.â€
Anything in a budget that helps people make their money work harder for them always gets our vote, and this could well mean our investors and future investors will soon be able to use their ISAâ€™s to generate high tax free returns with the House Crowd. Watch this space.