Open for business
The UK’s most popular venture capital trust (VCT) by funds raised, Octopus Titan VCT, is open for new investment. The fundraise capacity is £120 million.
Titan invests clients’ money in a portfolio of more than 75 businesses across a diverse range of sectors.
It’s backed some exciting businesses such as Zoopla, Graze and Secret Escapes, helping them to become household names and has exited companies to the biggest names in tech such as Amazon, Google, Microsoft and Twitter.
You can find out more about Titan here
A powerful planning tool
A VCT can be a great way for a client to invest in early stage companies while benefiting from tax reliefs.
That’s because VCTs offer tax free dividends and capital gains, and up to 30% income tax relief on the first £200,000 invested each year. Please bear in mind that VCTs are high risk investments, for key risks see below.
Clients who get in by the next application deadline of Friday 18 October should be able to benefit from the dividend of 2p due to be paid out around 15 November. This is subject to the allotment taking place on the 21 October. Clients who invest before 1 November are eligible for the early bird discount of 1%.
As a thank you to clients who are currently holding shares in any Octopus VCT, Octopus offer a 1% loyalty discount should they choose to invest in this fundraise.
Visit the Titan webpage >>
Key risks to consider:
- The value of an investment in Octopus Titan VCT, and any income from it, can fall as well as rise. Investors may not get back the full amount they invest.
- Tax treatment depends on individual circumstances and may change in the future.
- Tax reliefs depend on the VCT maintaining its VCT-qualifying status.
VCT shares are by their nature high risk, their share price may be volatile and they may be hard to sell.