VCT investments are higher risk investments. Please see our main VCT page for further important information. REMEMBER, ONLY PURCHASE A VCT INVESTMENT THROUGH AN EXECUTION-ONLY BROKER LIKE CLUBFINANCE IF YOU DO NOT NEED ADVICE. CLUBFINANCE WILL NOT ASSESS THE SUITABILITY OR APPROPRIATENESS OF ANY INVESTMENT. For advice on suitability or an assessment of appropriateness, please contact an authorised and regulated financial adviser.
If you know which VCT you would like to invest in and it is open for the 2008/9 tax year, please use the documentation in the table below. If the VCT is not listed or if you have difficulties, please contact us using the form at the bottom of this webpage and we will send you the appropriate documentation. A commission rebate of 100% of Clubfinance's initial commission (as additional shares) plus 75% of renewal commission will apply.
Please see How to Invest - the process for details of the necessary steps and information you need to make an investment.
IMPORTANT NOTE ON CHARGES - Charges for VCTs can be very high and come in many different types and forms. Please ensure you read the Prospectus/Securities Note in detail to understand the charges.
Please remember to send your completed application form(s) together with a signed Client Declaration and Identification Documents to Clubfinance Ltd. -  click here for details.
 

VCT fund name	Type	Minimum	Expected Closing Date*	Initial Discount**	Annual Cash Back**	Documents (see icon key located beneath the table)
Baronsmead VCT & Baronsmead VCT 2 joint offer (top-up)		£3,000	16/01/2009	2.0%	0.3% (max 1.2%)
Downing Protected VCT II & III1 'C' share		£5,000	05/04/2009	3.5%2	0%
Edge Performance VCT 'E' share		£5,000	03/04/2009	4.25%/6.25%3	0.28% (max 1.125%)
Foresight VCTs 1, 2, 3 & 4 linked offer (top-up)		£4,000 / £20,000	03/04/2009	3%/4%4	0.28% (max 1.6875%)
Ingenious Entertainment VCT 1 & 2 'C' share		£3,000	04/04/2009	4.1%5	0.1875% (max 0.9375%)
Noble AIM VCT (top-up)		£5,000	20/12/2008	2.75%	0.28% (max 1.4%)	CLOSED
Octopus Eclipse VCT (top-up)		£1,000	07/01/2009	2.5%	0.375%
Octopus Protected VCT 2		£3,000	03/04/2009	2.5%	0.375%
Octopus Titan VCT 3		£3,000	03/04/2009	2.5%	0.375%
Proven VCT and Proven Income & Growth VCT 'D' shares linked offer		£5,000	03/04/2009	3.0%	0.375% (max 1.5%)
TP5 VCT1		£25,000	03/04/2009	4.0%6	0%

* Expected closing dates are for the 2008/09 tax year. Note that complete applications must reach Clubfinance at least 3 working days prior to the closing date, and offers can close early.

**- please generate a commission statement and see the Securities Note/Prospectus for further information. All initial discounts shown are given as additional shares. The discounts shown include early bird additional shares offered by the VCT.

¹- For these VCTs there is no renewal commission. As Clubfinance rebates 100% of its initial commission, Clubfinance therefore receives nothing for arranging these particular VCTs. This is in line with our 100% initial commission rebates for VCTs generally. We do this to provide clear, consistent, and competitive discounts that are transparent in terms of the commission we give up and keep. We do not charge a fee for this service.

²- The initial discount of 3.5% additional shares in Downing Protected VCT II & III comprises 2.5% rebated commission and an additional 1% allocation of shares for applications received at Clubfinance before 11 February 2009.

³- The initial discount of 4.25% additional shares comprises 2.25% rebated commission and an additional 2% allocation of shares for applications received at Clubfinance before 29 January 2009. For applications received at Clubfinance before the 26 February 2009 a further 20 'E' shares for every 1,000 'E' shares subscribed will be issued for applicants who already hold shares in Edge Performance VCT plc (whether Ordinary shares, 'C' shares or 'D' shares). Please note, with the exception of the 2.25% rebated commission, these additional shares are not paid out of the initial costs of the offer of 5.5%. This element of the initial discount is therefore only relative to investors who do not receive these additional shares.

⁴- Existing investors in any Foresight VCT will receive an additional 1% allocation of shares (i.e. the higher initial discount shown above).

⁵- The initial discount of 4.1% additional 'C' shares in Ingenious Entertainment VCT 1 & 2 comprises 2.5% rebated commission and a 1.6% allocation of additional ‘early-bird’ shares. The total number of additional early bird shares to be issued is limited to a maximum of 50,000, meaning that only applications up to a total of just over £3m funds raised will receive the additional 1.6%.

⁶- The initial discount of 4.0% additional shares in TP5 VCT comprises 2.5% rebated commission and an additional 1.5% allocation of shares for applications received at Clubfinance before 16 January 2009, or earlier if funds raised exceed £5 million.

Key:

	Link to the Prospectus, Mini-prospectus, Securities Note, or Offer document, and Application Form (in PDF format) for each VCT.		Link to essential Clubfinance information required to proceed with a transaction through Clubfinance.		Additional Risk Warnings you must be aware of before making a VCT investment.
	Click on this icon to be taken to a webpage where you can generate your own tailored Commission Statement.			Clicking on this icon will take you to a website linked to the VCT which may provide additional useful information.

Don't see the VCT you are interested in listed?

We will endeavour to obtain and e-mail you the product documentation and our standard VCT commission rebates will apply.

Clubfinance Ltd is authorised and regulated by the Financial Services Authority. Clubfinance offers an execution-only discount broker service; Clubfinance does not give advice or recommendations. If you have any doubt about the suitability of a particular product or service, or you require advice, you should seek a personal recommendation from an appropriate firm that does give advice. Clubfinance does not produce the products it arranges, or manage the underlying investments. Payments must not be made to Clubfinance, but to the relevant product provider. Contact details for Clubfinance can be found under ‘contact us’. Users of this website should be aware of the following:

• Past performance is not a reliable indicator of future results.

• The value of investments and the income from them can fall as well as rise as a result of market and currency fluctuations. For many types of investment, you may be placing your capital at risk, meaning that you may not get back the amount originally invested and you may risk losing your entire investment.

• Some investments and policies may only be suitable as medium or long-term products.

• Tax treatments depend on your individual circumstances and may be subject to change in future.

• This website contains financial promotions relating to services offered by and products available through Clubfinance.

• In the event of any conflict between product literature and information provided by Clubfinance, the product literature shall prevail.

The information on this website is intended solely for the use of those people who are United Kingdom residents for tax and investment purposes and is governed by our terms and conditions of website usage, please click here for details. It is not for distribution in any other jurisdiction, including the United States of America. Anyone who is not a UK resident should not continue with this site unless wishing to read about personal finances available to UK residents for informational purposes only.

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