Meeting the retirement needs of today's investors

Venture capital trusts (VCTs) not only offer a tax-efficient vehicle to high net worth clients, they are also flexible investment products that can be passed down the generations without the fear of inheritance tax

As the investment story for venture capital trusts (VCTs) becomes better appreciated, it is clear there are attractive tax planning opportunities for high net worth investors who are close to or have recently retired. The five VCT tax reliefs set out in the table below give scope to make a capital gain work harder for the private investor and/or improve the flow of income. The second subscription relief gives the ability to defer the payment of any CGT, whether from selling a business or unlocking a portfolio of quoted shares, by investing the capital gains into venture capital trusts. ...