The table below shows the Venture Capital Trusts (VCTs) that are currently available, together with details of how much money each VCT has raised and our discount which is in the form of additional shares. As we are execution-only brokers, we reduce the cost of purchasing a VCT by rebating the majority of our commission to increase your investment. Before investing in a VCT please be aware of the risk factors associated with these products, some of which include the following:
The value of VCT investments can fall as well as rise and you may not get back the full amount invested. Furthermore, it would be unwise to purchase a VCT purely for the upfront tax relief and try to sell immediately after the minimum five year holding period. It usually takes three years to invest the monies raised and create a portfolio of qualifying investments, which are usually unquoted companies that don't lend themselves to short term horizons. However, this does not usually apply to top-ups where you are investing in a mature portfolio which may have a record of paying out dividend.
VCT | Type of VCT | Minimum Subscription | Initial Charge Before Discount | Discount | Literature & Forms |
Closing Date |
Calculus VCT |
Generalist |
£5,000 |
5% |
5%
|
27 Aug for 2021/22 allotment |
|
Downing ONE |
Generalist |
£1000/month or £5,000 |
4.5% |
2.25% |
30 April 2021 (3pm) for 2021/22 allotment |
|
Foresight Williams Technology Shares |
Technology |
£3,000 |
5.5% |
3% for new investors 3.5% for existing share holders |
29 Dec 2021 for 2021/22 allotment |
|
Puma Alpha VCT |
Generalist |
£5,000 |
3% |
1% |
Very limited capacity (allotment in 2021/22) |
|
Octopus Apollo VCT |
Generalist |
£5,000 |
5.5% |
5.5% existing clients (until 14/12/2020) 4.5 new clients (until 14/12/2020) |
Limited capacity (allotment in 2021/22) |
|
Seneca Growth Capital VCT |
Generalist |
£3,000 | 5.5% | 4.5% | 26 May 2021 (noon) for 2021/22 allotment | |
Triple Point VCT |
Generalist |
£3,000 |
5.5% |
3% |
30 Jul 2021 (noon) for allotment in 2021/22 |
Please call 020 7384 7300 if you have any queries or to request literature.
Just to recap, here is a brief summary of the benefits available upon investing in a VCT in the 2020/21 tax year:
(#) The 30% income tax rebate is available not just to higher rate taxpayers but also to basic rate taxpayers, so long as you have paid as much tax as you are claiming a rebate for. Individuals aged 18 and over who subscribe for new ordinary shares in VCTs are entitled to claim income tax relief at 30% subject to the amount subscribed in any one year not exceeding £200,000. This tax relief will be clawed back by HMRC should the investment be sold within 5 years of making the investment.