Current VCT Offers

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

Securities Note

Closing Date

19/20 Tax Year

Calculus VCT

Generalist

£5,000

5%

2.35% until 03/04/2019

2.85% for existing Calculus investors until 03/04/2019

Brochure

Prospectus

Application

Key Information Document

 

 30/08/2019 

Downing FOUR Generalist VCT

Generalist

 £500/month or £5,000 which can be split with Downing FOUR Healthcare

5%

3.25% until 28/12/2018 (ended)

Brochure 

Prospectus

Application

Key Information Document

 

 

 

Allotting in 2019/20

Downing FOUR Healthcare VCT Specialist  £500/month or £5,000 which can be split with Downing FOUR Generalist 5% 3.25% until 28/12/2018 (ended)

Brochure 

Prospectus

Application

Key Information Document

 

 

 

Allotting in 2019/20

ProVen VCTs

Generalist

£5,000 or £2,500 between both VCTs

5.5%

3%

Securities Note

Application Form

ProVen VCT KID

ProVen Income and Growth VCT KID

 

 

Allotting in

2019/20

Puma Alpha VCT

Generalist

£5,000

4%

3.5% (until 30/08/2019)

Application

Prospectus

Brochure

KIID

 

Allotting in 2019/20

Octopus Apollo

Generalist

£5,000

5.5%

2.5%

Application

Prospectus 

Brochure

KIID

 

05/04/2020

Triple Point VCT 

Generalist

£3,000

5.5%

 

3.5% until 30/11/2018 (ended)

 

3% discount

Application Form

Brochure

Prospectus

 

22/08/2019 

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 2019/20 tax year:

  • Income Tax rebate of 30%

  • Exemption from tax on dividends

  • Exemption from Capital Gains Tax on profits made from selling of VCT shares

(#) 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.