Pembroke VCT now open with special Chelsea discount and exclusive cashback deal
21 September 2022 – The Pembroke VCT has been opened to investors and there are special discounts on the initial charge for Chelsea investors. The minimum investment is £5,000 and there is a capacity of £40m.
Chelsea clients who are existing investors in the VCT will be able to enjoy a discounted initial charge, paying 2% instead of the usual 5%. New investors via Chelsea will pay an initial charge of 2.5%.
There is also an exclusive and upfront 0.5% cashback available*. To the best of our knowledge this is the best discount currently available on the market.
About the Pembroke VCT
The popular Pembroke VCT was launched in 2013 and has a diversified portfolio of over 40 companies in five sectors: design; education; food, beverage and hospitality; wellness; digital services and media sectors. The target dividend is 5p per share per annum.
Why invest into VCTs?
- 30% income tax relief, provided the VCT shares are held for at least five years.
- Tax-free dividends
- Capital gains tax exemption
Application process
To apply, please email peter@chelseafs.co.uk or call 020 7384 7300. You can either apply online or over the phone. Please note that you are required to read and understand the Pembroke offer document before using this service.
Important information
Please be aware that VCTs are long-term, highly illiquid investments. VCTs usually invest in small, unquoted companies and carry a greater risk than many other forms of investment. In addition, the level of charges is often greater than unit trusts and OEICs. Past performance is not necessarily a guide to the future. The value of investments, and the income from them, can fall as well as rise and you may not get back the amount invested. Chelsea Financial Services offers an execution-only service. If you require investment advice you should contact an expert adviser. Tax relief is restricted to total VCT investments for each investor to £200,000 per tax year. Tax is subject to statutory change and the value of tax relief (if any) will depend upon individual circumstances. The Pembroke VCT is not the only VCT offers available, and this mailing is not a recommendation.
*Terms and conditions of the cashback offer – Pembroke VCT
You will receive a cash amount of 0.5% of the amount you invest subject to these terms and conditions. The value of your cashback will be based on the amount you invest into the Pembroke VCT only.
The offer applies to lump sum investments made into the Pembroke VCT through Chelsea Financial Services for this share offer only. This offer does not apply to any other investments that you may choose to make through Chelsea Financial Services.
The offer is funded by Chelsea Financial Services. The cashback will not come from your own cash or investments. The offer will be available until Pembroke closes this share offer, however, we reserve the right to remove or suspend the offer if necessary, including for legal or regulatory reasons or otherwise, by posting a notice on our website. The Pembroke VCT could also become fully subscribed before this date.
The cashback payment will be paid to you by cheque or BACs. Payment cannot be made to you in any other way and will be paid to the investor only. You will receive your cashback shortly after successfully applying and investing in the VCT.
We reserve the right to determine how the cashback is calculated. By submitting a qualifying application, you agree to be bound by the terms of this offer. These terms are governed by the laws of England and subject to the exclusive jurisdiction of the English courts.
The offer cannot be used in conjunction with any other offer.