Fantastic first year for the RateSetter ISA!
Blogs on 26th April 2019
One year since we launched the RateSetter ISA, allowing investments to be included in a tax-free wrapper for the first time, we want to take this opportunity to thank all our investors for choosing to invest with us.
1 in 4 RateSetter customers earning tax free with the ISA, one year after launch.
£175m has been invested via the RateSetter ISA, accounting for one-fifth of the £830m funds under management.
In 2018, RateSetter ISA investors enjoyed steady returns of 4.5% per annum, tax-free. This contrasts with all other mainstream investments, such as equities, which fell in value last year.
Mario Lupori, Chief Investments Officer at RateSetter, said:
“We have always been confident that investing with RateSetter delivers excellent value and that the tax-free ISA wrapper makes investing more attractive still – but we have been blown away by the popularity of the RateSetter ISA in its first year!
With even the best Cash ISAs barely matching inflation and the volatility of Stocks & Shares testing investors’ nerves, the healthy and steady performance of the RateSetter ISA makes it stand out. 2019 is set to the year that we see the Innovative Finance ISA really take off.”
To find out more about the RateSetter ISA click here.