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Generating profits: How Peer-to-Peer ISAs work

29 March 2014 Last updated at 09:40 GMT

People who buy cash ISAs might be offered interest rates of around 2% a year, but from 2015 investors might be able to double or even treble those returns if they opt for a new Peer-to-Peer ISA.

Announced by the chancellor in the Budget, Peer-to-Peer ISAs will allow people to lend cash to individuals or businesses and receive interest payments tax-free, as Brian Milligan explains.