VCTs: capacity update and deadlines

2017/18 is poised to be an exceptional year for VCTs. So far, over £650 million has been raised, significantly higher than the total raised in the whole of the previous tax year. Several attractive offers are still open – but if you’re interested it could be wise to act quickly…

Current offers capacity and deadlines

Wealth Club featured offer Downing ONE VCT – CLOSED;

Update (20 March 2018, 5pm) ‐ now fully subscribed; raised £30 million.

Early bird saving Total initial saving through Wealth Club Net initial charge through Wealth Club Wealth Club annual rebate
- - - -

 

Wealth Club featured offer Hargreave Hale AIM VCT 1 – Read more and apply online »

At 75% capacity: raised £15 million of £20 million sought.

Early bird saving Total initial saving through Wealth Club Net initial charge through Wealth Club Wealth Club annual rebate
Expired 2.0% 1.5% 0.10%

 

Wealth Club featured offer Maven Income & Growth VCTs 3 and 4 – Read more and apply online »

Using overallotment facility; raised £35.4 million of up to £40 million sought.

Early bird saving Total initial saving through Wealth Club Net initial charge through Wealth Club Wealth Club annual rebate
Expired 2.5% 2.5% 0.10%

 

Wealth Club featured offer Octopus Titan VCT – CLOSED

Update (23 March 2018, 4:30pm) ‐ now fully subscribed; raised £200 million.

Early bird saving Total initial saving through Wealth Club Net initial charge through Wealth Club Wealth Club annual rebate
- - - -

 

Amati VCTs »

At 96% capacity: raised £19.1 million of £20 million sought.

Early bird saving Total initial saving through Wealth Club Net initial charge through Wealth Club Wealth Club annual rebate
n/a 2.0% 1.0% n/a

 

Calculus VCT »

At 35% capacity: raised £1.75 million of £5 million sought.

Early bird saving Total initial saving through Wealth Club Net initial charge through Wealth Club Wealth Club annual rebate
Expired 2.35% 2.65% 0.10%

 

Elderstreet Draper Esprit VCT »

At 30% capacity: raised £3 million of £10 million sought.

Early bird saving Total initial saving through Wealth Club Net initial charge through Wealth Club Wealth Club annual rebate
n/a 2.5% 3.0% n/a

 

Foresight 4 VCT – apply online »

At 44% capacity: raised £22 million of £50 million sought.

Early bird saving Total initial saving through Wealth Club Net initial charge through Wealth Club Wealth Club annual rebate
Expired 3% 2.5% 0.10%

 

Pembroke VCT – apply online »

At 26% capacity: raised £5.2 million of £20 million sought.

Early bird saving Total initial saving through Wealth Club Net initial charge through Wealth Club Wealth Club annual rebate
Expired 3% 2.5% n/a

 

Puma VCT 13 – apply online »

At 28% capacity: raised £8.4 million of £30 million sought.

Additional saving Total initial saving through Wealth Club Net initial charge through Wealth Club Wealth Club annual rebate
Expired 2% 1% 0.10%

 

How does this tax year compare to the previous one?

VCT funds raised 2017 vs 2018Why is this year so different to last? The rapid rise can be attributed to three main factors:

  1. Last year, many high profile VCTs did not raise funds because of VCT rule changes. Now they’ve had time to adjust and want to get out there and make the most of new opportunities
  2. Wealthy investors have started to feel the pain of the new pension restrictions so are opting for VCTs to increase their tax efficiency
  3. Following a Government review at the end of last year, there were fears that VCT tax relief might be reduced or the types of investments allowed might be restricted. Fortunately, this didn’t materialise – but it did mean investors got going early this year, ahead of any potential changes. 

The message is clear: if you want to invest in a VCT and see one you like, consider doing so now, rather than leaving it until later.

Figures correct as at 29 March or later.

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