IFAs urged to consider knowledge intensive EIS funds

Calculus director Francesca Rayneau said EIS funds are a "powerful way" for clients to target high growth investments. She explained that in KI EIS funds 80% of the portfolio needed to be in companies involved in research and development (R&D) or innovation. "KI companies typically have higher operating costs and longer development cycles due to the nature of their work in R&D," she said. Rayneau added advisers should know about how KI EIS funds can simplify tax planning. "The investment date for income tax relief purposes is the date the fund closes. This means investors know t...