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rebuildingsociety to Allow Personal Pension Investments

rebuildingsociety.com, the UK peer-to-business lending platform, has announced a new partnership with SIPPclub, which allows qualifying rebuildingsociety investors to invest through a specially-designed Self-Invested Personal Pension (SIPP). All investments made through a SIPP are tax-free, regardless of the investor’s existing tax status.  As investors qualify for tax relief on SIPP contributions at their highest rate of Income Tax, they will be able to generate more interest by investing through a SIPP, compared with investing on rebuildingsociety.com with their cash. The EvolutionSIPP, which is exclusively for SIPPclub members, has been approved for such investments on rebuildingsociety.com and the firm joins fellow peer-to-peer sites ThinCats, Assetz Capital, Capital Stackers and Proplend in the SIPPclub portfolio. Interested investors are asked to complete the relevant form on the SIPPclub website. SIPPclub will contact potential investors to discuss their circumstances and requirements, helping them decide whether to should invest pension money on the rebuildingsociety.com platform. Nick Moules, Marketing & Communications Manager at rebuildingsociety.com, said “We’re delighted to be offering this service to our investors through SIPPclub. “There is a tremendous opportunity to attract pension money into the peer-to-peer market, even if much of the attention in recent months has been focused on ISAs and institutional money.” Nick Moules continued: “When ISA lending become possible in the future, it’s likely there will still be greater scope for lending pension money on peer-to-peer platforms, for pension contribution limits are much higher. Furthermore, the funds already under management are significant. Its estimated there is currently around £150 billion invested in SIPPs in the UK. “As the peer-to-peer market proves itself capable of offering reliable returns over the longer term, we expect pension lending to become an increasingly important part of our business.”

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