We also support business owners who have Small Self Administered Schemes (SSAS) that they would like to invest in Peer-to-Peer loans. The Saving Stream service provides a fairer and easier way to manage your investment and as an investor you could start earning gross rates of return of up to 12% per annum today. The benefits of using a SIPP or SSAS to invest in Peer-to-Peer lending is that interest may be earned and reinvested tax free.
We were the fastest growing secured Peer-to-Peer company in the UK in 2015 according to AltFi. We have lent over £80,000,000 and our 6,000+ lenders have earned over £5,000,000 in accrued interest since we started.Despite such record growth it is our mission to ensure both lenders and borrowers can operate within a fair and regulated environment.
Back in March 2014 the Chancellor George Osborne announced in his budget that there would be a relaxation in the rules around pensions thus giving people the chance to manage their own finances more, consider investment solutions that are not based on buying an annuity and to be able to look at opportunities like Peer-to-Peer Lending. Investing in Peer-to-Peer using your SIPP allows you to choose the bridging loans you want to lend to, and the amount of money you want to lend.
Most UK pensions are managed by institutional fund managers who decide where your pension savings are invested. More and more people are now taking control of their retirement savings and setting up either a SIPP or a SSAS (Self Invested Personal Pension or a Small Self-Administered Scheme).This has given the pension holder some choice as to where their fund is invested. A SIPP or SSAS allows you, the pension holder, to make your own investment decisions alongside the scheme trustees. A Peer-to-Peer SIPP or SSAS now offers you a new option for investment.
Saving Stream cannot give advice as to the suitability of the loans on our platform for SIPP or SSAS investment or whether a SIPP or SSAS is an appropriate investment vehicle for you. If you are unsure, you should take advice from a suitably qualified independent financial adviser.
Saving Stream cannot provide advice regarding SIPPs or the suitability of any of the loans on our platform for SIPP investment purposes. Our Lender Team at Saving Stream would be delighted to facilitate an introduction to SIPPclub for clients who would like to investigate this option for investment. The Lender Team can be contacted via the contact form here.
SIPPClub provides information and support to people with self-invested pensions. Whether you’re growing your pension fund or drawing your income in retirement, SIPPclub can help you discover how to take advantage of the significant benefits of lending your pension money through Saving Stream.
To find out whether a SIPP or a SSAS is more appropriate for your circumstances, and which provider is likely to best suit your requirements, click the link below.