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

KIID

 

31/01/2020 for early bird

Amati AIM VCT

AIM

£4,000

3%

 2%

Prospectus

Application

KIID

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

KIID

 

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%

New investors - 3.25% (Until 13/12/2019, 2.25% thereafter)

Existing investors - 4.75% (Until 13/12/2019, 3.25% thereafter)

 

Prospectus

Application

Factsheet

 

 

 

13/12/2019 for early bird discount

Downing FOUR Generalist VCT

Generalist

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

5%

2.25%

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%

2.25%

Brochure 

Prospectus

Application

Key Information Document

 

Allotting in 2019/20

Draper Esprit VCT

Generalist

 

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 

 

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

KIID

26/09/2019 for next allotment to qualify for intended 3p October dividend

Puma Alpha VCT

Generalist

£5,000

4%

1%

Application

Prospectus

Brochure

KIID

 

Allotting in 2019/20

Octopus Apollo

Generalist

£5,000

5.5%

2.5%

Application

Prospectus 

Brochure

KIID

 05/04/2020

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

KIID

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

KIID

 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

KIID

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.