How to make a cool million from VCTs (you need to invest a fair whack)

VCTs

clock • 4 min read

Eliot Kaye, director at Puma Investments, reveals how to make a million from venture capital trust investment.

"Ask the audience or phone a friend?" The words are familiar to many from the iconic game show that offers contestants the opportunity to win a million pounds. But there is, perhaps, an easier way of becoming a millionaire - venture capital trusts (VCTs). From the moment one makes their first VCT investment, they could be on the way to becoming a VCT millionaire in just five years. In theory, it is possible. So, how does it work? Well, if a client and their partner each invested £50,000 in a VCT on a yearly basis, annually re-investing the 30% income tax break and all dividends rece...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Tax Planning

Majority of advisers think NI cut will not boost pensions savings

Majority of advisers think NI cut will not boost pensions savings

Only one in ten think people will put the extra cash into pensions savings

Isabel Baxter
clock 11 March 2024 • 1 min read
Partner Insight: Royal London's Fiona Hanrahan — 'Your top tax year end questions answered'

Partner Insight: Royal London's Fiona Hanrahan — 'Your top tax year end questions answered'

Fiona Hanrahan, Senior Intermediary Development and Technical Manager, Royal London
clock 08 February 2024 • 3 min read
Treasury collects £2bn in 12 weeks as IHT receipts continue to soar

Treasury collects £2bn in 12 weeks as IHT receipts continue to soar

Figure breaks down at £22m a day for the government’s coffers

Hope William-Smith
clock 21 July 2023 • 2 min read