The options are narrowing for high earners to lower their tax bill, as Britain enters a “new era” of higher taxation.
But for those prepared to take the risk and lock their money up for five years, venture capital trusts still offer 30 per cent income tax relief up front, with dividends and capital gains paid out tax free.
As the venture capital trust (VCT) funding season gathers pace, have you invested in one? Would you consider it?
Or do you consider the fees too high and the economic outlook too uncertain for these investments? Have you been disappointed or delighted by any previous investments in VCTs?
An FT Money survey this year revealed that 7 per cent of readers were considering investing some of their bonus in VCTs and enterprise investment schemes.
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