Savings & Investments

Venture Capital Trusts

Investments of up to £200,000 in Venture Capital Trusts (VCTs) offer significant tax incentives to investors including 30% income tax relief. VCTs are quoted limited companies whose purpose is to invest shareholders’ funds in smaller unquoted trading companies, (including AIM listed stocks) having potential for growth, with a view to making profits. Most Venture Capital Trusts are run by investment managers and raise their funds from private investors. What are the tax benefits? Individuals may be able to secure a number of tax advantages from this sort of investment. However, from 6 April 2006, shares in VCTs must be held for at least five years (previously three years) to obtain all the potential tax benefits. In addition, the individual must be 18 years of age or more on the... »

Tax-Free Investments

Tax-Free Investments

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School Fees Planning

School Fees Planning

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Pooled Investments

A pooled investment allows an individual to invest in a large portfolio of assets with many other investors. The risk is therefore reduced… … due to the wider spread of investments in the portfolio. Various funds are available, based on: income or growth needs, such as: – income funds providing high dividends capital growth funds balanced funds which aim to achieve a mix of both geographical allocation, such as: UK funds international or specific regional funds (eg Far East) specialist funds which invest in a specific type of company, such as a property or technology fund. The main vehicles for pooled investments are: unit trusts open-ended investment companies (OEICS) investment trusts insurance company funds. The first three can nearly always be bought within an Indiv... »

Long Term Care

Most people are aware that paying for long term care can be a problem but it is not usually appreciated until the time… ….that care is needed by them or a close relative. The demographics of the UK population show a growing trend for the elderly needing some form of long term care. The Government estimated that, in 1995, over 20% of those aged over 70 were in need of long term care assistance (The Royal Commission on Long Term Care – March 1999). What is long term care? Long term care is the generic name given to the provision of accommodation, medical support and care for the well being of individuals, including the elderly, who are not able to look after themselves. As people get older they start to find that some of the simple tasks such as moving about the house, wa... »