We’ve recently made a short film outlining the pros and cons of Venture Capital Trusts (VCTs).
VCTs are a higher risk investment in UK growth companies and offer the following attractive benefits from HMRC:-
- 30% Income Tax Relief -for example, invest £10,000 and £3,000 comes off your next tax bill
- After 5 years, all gains are free from income and capital gains tax
- Tax-Free Dividends along the way, often 5% pa which is equivalent to 8% pa in the hands of a 45% income tax payer
Click the image below to watch our 5-minute explainer video:
If, after watching it, you would like to know more about investing into a VCT fund, please book a short ZOOM meeting with us here to discuss further.