VCTs and EIS for 2017-18

VCTs and EISs

6 Responses

  1. Rebecca Stewart says:

    A very enjoyable article thanks Mike.
    I too invest in VCT’s and am waiting for the September & October offers. One point to note is that with the more popular offers, such as Baronsmead, they can be heavily oversubscribed. It can therefore pay to apply as soon as they open if you wish to subscribe. From memory, the last Baronsmead offer closed within days of it opening.

    • Mike Rawson Mike Rawson says:

      Yes, I’m worried about that.

      Even worse, some of the better firms (eg. Northern) give early access to their existing investors, so there may not be anything left for the rest of us.

  2. CrackAddick says:

    I think you will find that the Amati offer is an AIM offer.

  3. Doug Bishop says:

    Mike, I enjoyed your article.

    I too have reached my SIPP LTA and my IFA has suggested VCTs – after reading up on them I am about to embark.

    The one question I have is do I need to use a Broker? or My IFA – as both come with ongoing fees?

    Whats your opinion & why?

    • Mike Rawson Mike Rawson says:

      Hi Doug,

      I used a broker in the end because of the up-front discounts. I approached a couple of the VCT managers and it was more expensive to invest directly through them (they obviously don’t want to upset their supply chain).

      I haven’t had an IFA for decades, so I would never think about applying through one.

      There’s not much you can do about the ongoing fees, but not all funds charge them (I think).

      This is obviously not a personal recommendation, but I went with Wealth Club in the end because I was about to go on holiday, and they had the widest range of VCTs that you could apply for online (I hate all the VCT paperwork, and online was quicker).

      Hope this helps,


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VCTs and EIS for 2017-18

by Mike Rawson time to read: 7 min
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