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	Literature & Forms	Closing Date 19/20 Tax Year
Amati AIM VCT	AIM	£4,000	3%	2%	Investor Guide Prospectus Application KID	16/10/2020
Baronsmead VCTs	Generalist	£3,000	4.5%	2% for new investors (until 30/10/2020) 2.25% for existing shareholders (until 30/10/2020)	Investor Guide Prospectus Application Application Guide KID 1 KID 2	30/10/2020 for early bird discount
Calculus VCT	Generalist	£5,000	5%	2.5% new investors (until 31/01/2021) 3% existing investors (until 31/01/2021)	Brochure Prospectus Application KID	31/01/2021 for next allotment
Downing ONE	Generalist	£1000/month or £5,000	4.5%	3.25% (3.75% for existing shareholders)	Brochure Prospectus Application Factsheet KID	11/12/2020 (3pm) for next allotment
Foresight Williams Technology Shares	Technology	£3,000	5.5%	4% new investors (3% after 30/09/2020) 4.5% existing investors (3.5% after 30/09/2020)	Application Prospectus Key Information Document	30/09/2020 for next allotment
Hargreave Hale AIM VCT	AIM	£5,000	3.5%	2.0%	Application Prospectus Key Information Document	08/10/2020 for next allotment
Pembroke VCT	Generalist	£5,000	5.5%	3.5%	Application Prospectus Key Information Document	31/10/2020 for 1% early bird saving
Puma Alpha VCT	Generalist	£5,000	3%	3% existing clients 2.5% new clients	Application Prospectus Brochure KID	30/09/2020 for next allotment
Octopus AIM VCT	AIM	£5,000	5.5%	2.5%	Application Prospectus Brochure KID 1 KID 2	05/04/2021 12pm

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:

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.