How to support UK start-ups and save on tax

This article first appeared on Your Money. As far as tax efficient investments go, Venture Capital Trusts or VCTs, have a lot to offer. VCTs allow investors to support and benefit from growth in some of the UK's most dynamic, entrepreneurial and high growth companies. In return for the risk taken by investing in such companies, investors receive significant tax breaks. Investing in a VCT attracts tax relief of 30%, so every £100 investment effectively only costs £70. Dividends and gains are also tax-free as long as the shares are held for the obligatory minimum 5-year period. ...