Why it pays to think about the investment not the tax break

It is not a fact anyone in UK financial services wants to spread about but Chancellor Gordon Brown a...

It is not a fact anyone in UK financial services wants to spread about but Chancellor Gordon Brown appears to be far better at providing risk adjusted-returns to investors than some of the best known product providers. Venture capital trusts (VCTs) are coming to the market on a weekly basis, boosted by tax incentives in this year's Budget. While a small number of players have remained in the VCT market since the outset, a number of new entrants have come sniffing around the asset class, which can now boast a juicy 40% income tax rebate up to a maximum of £200,000 per tax year. Essential...