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

"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...