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
Albion VCTs	Generalist	£5,000	2.5%	0.5% new investors 1.0% existing investors	Brochure Prospectus Application KID	31/01/2020 for early bird
Amati AIM VCT	AIM	£4,000	3%	2%	Prospectus Application KID Chelsea Research note	25th November for first allotment
Calculus VCT	Generalist	£5,000	3%	3% until 29/11/2019 then: 2.85% new investors (until 31/01/2020, 2.35% thereafter) 3.0% existing investors (until 31/01/2020, 2.85% thereafter)	Brochure Prospectus Application KID	31/01/2020 for early bird discount 03/04/2020 for 2019/2020 tax year
Downing ONE	Generalist	£500/month or £5,000	4.5%	3.75% existing investors (Until 13/12/2019, 3.25% thereafter until 28/02/20, when it will then be 2.25%) 3.25% new investors (Until 13/12/2019, 2.75% thereafter until 28/02/20, when it will then be 2.25%)	Prospectus Application Factsheet	13/12/2019 for early bird discount
Draper Esprit VCT	Generalist	£6000	5.5%	4% until 16/12/2019 and then 3.5% until 31/01/2020	Prospectus Application Key Information Document	16/12/2019 for early bird discount
Maven Income and Growth VCTs	Generalist	£5000	5.5%	4.25% new investors until 12.00 noon 24/01/2020 4.5% existing investors until 12.00 noon 24/01/2020	Brochure Prospectus Application KIDs	12 noon 24/01/2019 for early bird or until £7.5 million reached in both offers
Mobeus VCTs	Generalist	£6000, £1500 can be split into each.	3%	0.5%	Prospectus KIDs Application Chelsea Research note	January 2020 for first allotment
Pembroke VCT	Generalist	£3000	3.5%	2.25% until 15/12/2019 or until the first £5 million of the offer	Prospectus KID	26/09/2019 for next allotment to qualify for intended 3p October dividend
Puma Alpha VCT	Generalist	£5,000	4%	1%	Application Prospectus Brochure KID	Allotting in 2019/20
Octopus Apollo	Generalist	£5,000	5.5%	2.5%	Application Prospectus Brochure KID	05/04/2020
Octopus AIM VCTs	AIM	£5,000	5.5%	New Investors 2.5% Existing Investors 3.5%	Application Prospectus Brochure KID Octopus AIM VCT KID Octopus AIM VCT 2	Jan 2020 for first allotment
Octopus Titan	Generalist	£3,000	5.5%	New Investors 3.5% (2.5% after 1 November) Existing Investors 4.5% (3.5% after 1 November)	Application Prospectus Brochure KID	01/11/2019
Seneca Growth Capital VCT	Generalist	£5,000	5.5%	New investors - 4% (Until 30/09/2019, 3% thereafter until 30/11/2019 when the discount will then be 0%) Existing investors - 4.5% (Until 30/09/2019, 3% thereafter until 30/11/2019 when the discount will then be 0%)	Application Prospectus KID	30/11/2019
Triple Point VCT	Generalist	£3,000	5.5%	New investors 3.75% (until 31/12/2019 or until the first £5m of the offer - 3% after) Existing Investors 4.75% (until 31/12/2019 or until the first £5m of the offer - 3.75% after)	Application Brochure Flyer KID	31/12/2019

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.