Calculus Capital has waived the initial fees on its new venture capital trust (VCT) until the end of the year.
The firm said the decision not to charge its usual 5% fees for direct investors and 3% for customers investing through an adviser before 31 December 2018 made it one of the most attractive offers in the marketplace. It said the new Calculus VCT fund, which will invest alongside the fiorm's enterprise investment scheme (EIS), will aim to deliver an annual dividend of 4.5% from summer 2019. The firm intends to invest in 30 companies across the portfolio and said it sees no shortage of "exciting investment opportunities" that comply with the Treasury's new rules that push tax-efficient s...
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