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The information in this area of the website is for UK-based financial advisers only.
If you are an individual interested in investing, you should select the Individual Investment area instead, as this contains the information relevant to investors and is designed for consumers.
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.
Recently retired clients often find it frustrating that the money they take out of their pensions is still subject to income tax.
Marie has recently retired with a pension pot of £800,000.
She wants to take out £50,000 from her pension, of which 25% (£12,500) will be tax free, while the remaining £37,500 will be taxable.
After Marie’s income tax-free allowance of £12,570 is taken into consideration, it means £24,930 is subject to income tax.
As Marie is a basic rate taxpayer, this means her pension income of £50,000 leaves her with an income tax bill of £4,986.
However, there is a way to ensure Marie, and other retirees like her, pay zero income tax on future pension income withdrawals.
POTENTIONAL SOLUTION
Marie discusses her situation with her financial adviser, who talks through the benefits and the risks of investing in a Venture Capital Trust (VCT).
Marie’s adviser tells her that if she invested £16,620 into a VCT, she would be able to claim up to 30% income tax relief on her investment, which equals £4,986 (her income tax liability). This effectively makes Marie a non-taxpayer.
Also, because most VCTs have an annual dividend target, Marie can expect to receive an annual tax-free income from her investment. VCT dividends are completely tax-free and there’s no HMRC requirement to declare them on tax returns.
The potential for regular tax-free VCT dividends could prove especially attractive for retirees, considering the tax-free dividend allowance was reduced to just £500 on 6 April 2024.
As a reminder, basic rate taxpayers will be required to pay dividend tax at a rate of 8.75%, while higher rate taxpayers will pay 33.75%.
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.
