Interest earned on investments with Landbay is eligible for the PSA (Personal Savings Allowance).
The PSA allows every basic rate tax payer to earn tax-free interest of £1000.
However, this will depend on your individual circumstances – for example higher rate tax payers are only eligible for a £500 PSA and additional rate tax payers are not eligible for a PSA.
In addition to the PSA, Landbay offers an IFISA (Innovative Finance ISA). You can invest up to £20,000 into a Landbay Innovative Finance ISA this tax year (2017-18).
If you are in any doubt about your tax obligations, please seek independent financial advice.