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The information in this area of the website is for UK-based financial advisers only.
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Why advisers can’t ignore the growing estate planning advice opportunity
Triple Point explains why the increased need for estate planning strategies should include investments that use Business Relief for inheritance tax exemption.
Some advisers are still cautious about recommending VCTs to their client base. Here, we debunk the five most common myths associated with VCT investing.
In volatile times, VCTs can be a significant investment opportunity
The introduction of US President Donald Trump’s global trade tariffs, the consequences of which are likely to keep playing out in the months and years ahead.
Why diversification is key to a well-rounded VCT investment
VCTs have become a valuable tool for advisers—offering tax benefits, growth potential, and crucial diversification through early-stage company exposure.
Why diversification is key to a well-rounded VCT investment
VCTs have become a valuable tool for advisers—offering tax benefits, growth potential, and crucial diversification through early-stage company exposure.
From a wealth management perspective, pensions are clearly the first place to start when it comes to retirement planning.
Although the annual pension allowance was raised to £60,000 in 2023, the standard annual allowance is reduced by £1 for every £2 of adjusted income an individual has over £260,000.
For those earning more than £360,000 the standard annual allowance for the 2025/2026 tax year is just £10,000. Clients in this position therefore might need a tax-efficient investment alternative to complement their pension arrangements.
For example, Nylah is a director of a pharmaceutical company with an annual salary of £255,000.
However, her total income chargeable to tax exceeds £360,000 when she includes employer contributions into her company pension, dividend income from her share portfolio, rental income from a buy-to-let property, income from a trust and interest from savings.
As a result, instead of taking advantage of the £60,000 annual allowance, Nylah’s adjusted income means that she is only able to make an annual pension contribution of £10,000.
POTENTIONAL SOLUTION
Nylah discusses her situation with her financial adviser, who suggests she may be interested in looking at the tax-efficient options of a Venture Capital Trust (VCT).
Nylah’s adviser talks through the benefits and risks of investing in a VCT, tells her that if she made an investment of £50,000 into a VCT, she would be able to claim up to 30% income tax relief on the investment, providing she holds her VCT shares for the minimum five-year holding period.
While pensions have strict rules and limitations on when and how much money can be accessed, Nylah is able to access her VCT investment, subject to liquidity, after the minimum five-year holding period.
Also, as well as reducing her income tax bill, most VCTs will target an annual dividend, meaning Nylah can expect to receive an annual tax-free income from her VCT investment, and there’s no HMRC requirement to declare VCT dividends on her tax returns.
This is a hypothetical scenario, provided solely for illustrative purposes. For simplicity, this illustration does not take into account investment growth or charges for the investment. It is based on the current tax rules and personal allowances as at April 2025, which could be subject to change and depend on individual circumstances.
Investor’s capital is at risk. The value of the investment and the rate of return can rise and fall. Tax reliefs depend on a VCT maintaining its qualifying status and target returns may not be guaranteed.
