I'm considering Zopa

Who can invest through Zopa?

Anyone aged 18 or above who is a UK resident and has a UK current account can invest through Zopa without restriction.

To get started go to Lend your money and select “Find out more”.

If you're looking to invest via a Self Invested Personal Pension (SIPP) I'm afraid we currently do not have the administrative or legal means for this but we will keep our blog updated if there are any changes to this.

Channel Islands and Isle of Man residents

HMRC have granted Zopa dispensation from withholding tax on investors' returns - this means they can be paid gross, and it is the investor's responsibility to declare it. This applies to investing and borrowing that occurs within the UK.
For tax purposes, HMRC consider the Crown dependencies (this includes the Channel Islands and the Isle of Man) as a non-UK residency. HMRC have advised us that in such circumstances, either the person paying the interest (i.e. the borrower) or Zopa itself must withhold tax. Unfortunately, logistical limitations prevent Zopa being able to permit off-shore lending at this time.


Last Updated: 15 March 2017, 04:56pm

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