Our crowdfund is really taking off, and with the help of our community we’ve raised more than £450,000. Thanks so much to those of you who have registered for our bond offer already.
To allow more people to benefit from investing in our bond offer, we’ve extended the deadline until Thursday 31 August 2017.If you’ve already invested, the good news is that your interest will start to accrue from Tuesday 1 August 2017.
The money raised will not only help increase clean energy generation, but it’s our first opportunity to develop solar storage through a brand new Tesla battery.
The bond offer is open to adults in the UK until 31 August 2017, allowing them to support community projects, reduce the impact of climate change, and benefit from a return on investment.
Investors in this Innovative Finance ISA (IFISA) eligible unsecured bond will have the opportunity to:
- benefit from tax-free returns
- earn interest at a target rate of 4.5% per year for 3 years
- remain invested in the bond after year 3 if desired, with the same annual interest rate
- Invest a minimum of £100 and a maximum of £100,000
What are IFISAs?
The UK government launched IFISAs in 2016 to recognise the growing role that peer-to-peer lending is having in bringing investors and borrowers together outside of the mainstream banking sector. They enable investors to hold peer-to-peer loans, mini-bonds and other approved debt instruments in a tax-free ISA.
The IFISA allows you to subscribe up to £20,000 in the 2017/18 tax year, and you can reinvest any returns you earn without being taxed. In addition, if you have already built up tax-free savings in Cash or Stocks & Shares ISAs in previous tax years, you can transfer some or all of these funds to an IFISA.
If you have used up all your ISA allowance for the tax year, and don’t wish to transfer existing ISAs, you can still invest in our bonds, but the interest you earn on them will not be tax-free.
Find out more on Mongoose Crowd, where you can invest online.
Note, that investing in this bond puts your capital is at risk. This means that you may lose some or all of the money that you invest. Read the full offer document, understand the risks and agree with the terms before investing. To find out more about our bond offer go to www.mongoosecrowd.co.uk
Any financial promotion contained herein has been issued and approved by Sharein Limited; a firm authorised and regulated by the Financial Conduct Authority (“FCA”). It is for informational purposes and is not an Official confirmation of terms.