What you need to know about investing in a VCT and the 30% tax break
Venture capital trusts offer the opportunity to invest in some of Britain's most exciting small growth companies and a juicy 30 per cent income tax break.
By pooling investors money in investment trusts run by specialist managers, VCTs offer a way to spread your risk while backing the small firms that could become the next big thing, with previous examples including Zoopla, Depop and Five Guys.
But they say you should never let the tax tail wag the dog, so before putting money into a VCT you need to make sure it is right for you.
On this episode of the Investing Show, Simon Lambert and Richard Hunter are joined by Bestinvest's Jason Hollands, who explains what you need to know about VCT investing - and talks through some of the offers out there.
DIY INVESTING PLATFORMS > Compare the best investing platform for youRelated articles
Ship that caused Baltimore bridge collapse has been refloated
BALTIMORE (AP) — The container ship that caused the deadly collapse of Baltimore’s Francis Scott Key2024-05-21Tottenham clinches Europa League spot with season
SHEFFIELD, England (AP) — Tottenham clinched a spot in next season’s Europa League with a season-end2024-05-21Boat collision in Canada leaves 3 dead and 5 injured, Ontario police say
KINGSTON, Ontario (AP) — A speed boat and a fishing boat collided on a lake north of Kingston, Ontar2024-05-21- Washington DC's woke Mayor Muriel Bowser will travel on a taxpayer-funded jaunt to Las Vegas with he2024-05-21
Kylie Jenner displays her VERY edgy fashion sense in cleavage
Kylie Jenner put her edgy eye for style on display once again as she stepped out in the Los Angeles2024-05-21Brady Singer strikes out nine, Royals defeat A's 8
KANSAS CITY, Mo. (AP) — Brady Singer stuck out nine, Vinnie Pasquantino hit a three-run triple and t2024-05-21
atest comment