The VCT season is coming up fast and VCTs should act now to make sure that their fund is being properly marketed and promoted. With demand high from wealthy individuals looking for opportunities to benefit from government backed tax beneficial schemes VCT's should start to promote themselves now! Here are some things they should consider.
- Make sure your VCT is included in the lists supplied to leading IFA's and wealth managers
- It doesn't just have to be new money. If you have got a great VCT with a successful track record it will be very attractive to those looking at the secondary VCT market for tax free dividends
- Highlight fact that VCTs are government backed so are an appproved tax free vehicle
- Promote the success of your VCT early so that it can form part of the financial planning calendar
The benefits of VCT's and to some extent EIS's are not well known and they can be real jewels in the crown. High Net Worths and their advisors are out hunting right now so make sure your prize VCT attracts their attention
Investors hoping to make the most of this season’s venture capital trust (VCT) and Enterprise Investment Scheme (EIS) offers are being urged to act quickly because of a combination of surging demand and diminishing supply. Early autumn is traditionally the time when VCT and EIS managers market their latest offers, but experts warn this year could see fewer launches and restrictions on fundraising. At the same time, changes to pension rules mean demand is expected to be at a record level which means attractive offers could be snapped up fast