Technical update: EIS and SEIS funds

Enterprise investment scheme (EIS) and seed EIS (SEIS) funds are slightly unusual because, while they do not really exist, according to HMRC figures to the end of January, they have still accounted for more than £12bn worth of investment since their launch. So why recommend EIS and SEIS funds? There are lots of reasons, including tax reliefs, which - when coupled with competitive fees and thorough due-diligence - can result in lower-risk returns. In order to take advantage of EIS or SEIS reliefs, your client must invest in the underlying companies directly and there cannot be a legal ...