Clients intending to make use of their 2009/10 tax relief need to act now before our top-rated VCT offers close.
With Income Tax rates for the highest earners increasing to 50% from April and tough new limits on pension contributions, investors are once again looking at Venture Capital Trusts (VCTs) as an attractive source of tax relief.
VCT fund managers have also seen an improvement in the range and potential quality of investments available to them and appear able to negotiate better investment terms from smaller companies unable to access alternative sources of finance.
Details of our top-rated VCTs and prospectuses are available on the VCT section of our website. By investing through Bestinvest, you’ll benefit from market-leading discounts on standard initial charges. If you are considering investing, please call your relationship manager or one of our advisers on 020 7189 9999.
Please note that it is possible that some popular VCTs, including 5 star-rated Baronsmnead 3&4, will fill their capacity shortly. We strongly recommend calling us to check the current status of an issue before submitting your application form. Completed application forms (together with your cheque made payable to the VCT) need to be received by us no later than Friday 26th March in order to benefit from tax relief in this tax year.
If you have any questions or require any help, please call one of our Advisers on 020 7189 9999.
Please note: In our view, VCTs are not an appropriate investment for everyone. We would recommend that VCTs are only considered by experienced investors who are liable to higher rates of Income Tax, are willing and able to hold their investment over the longer-term and are comfortable with taking on a high level of risk.