Discount Broker for investments, insurance & mortgages
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 2010/11 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.
| TOP-UPS: The share price you pay for a top-up issue is usually based on the Net Asset Value (NAV) of the same shares already in issue. When choosing a VCT top-up, please be aware that the shares already in issue can trade at a discount to NAV. This discount on the secondary market can in some cases be more than the income tax relief you might receive by investing through the top-up offer. Please see the London Stock Exchange for the latest VCT share prices. |
VCT fund name |
Type | Minimum | Expected |
 Initial Discount** |
Annual Cash Back** |
Documents (see icon key located beneath the table) |
| Acuity Environmental VCT & VCT 2 |  | £5,000 | 18/11/2010 | 4% | 0.1875% (max 1.875%)a |       |
| Bluehone AIM VCT2 (top-up)1 |  | £5,000 | 27/08/2010 | 3% | 0% | |
| British Smaller Technology Companies VCT 2 (top-up) |  | £5,005.80 | 30/09/2010 | 3% | 0.375% (max 1.5%) | |
| Downing Absolute Income VCT 1 (top-up) |  | £5,000 | 01/11/2010 | 2.5%/3.5%2 | 0.3% (max 1.5%) | |
| Downing Distribution VCT 1 (top-up) (formerly The AIM Distribution Trust) | | £5,000 | 30/09/2010 | 3% | 0.1875% (max 0.9375%) | |
| Downing Distribution VCT 2 (top-up) (formerly Pennine AIM VCT) | | £5,000 | 30/09/2010 | 3% | 0.1875% (max 0.9375%) | |
| Foresight Solar VCT | | £3,000 | 05/04/2011 | 5%3 | 0.375% (max 2.25%) | |
| Hargreave Hale AIM VCTs 1&2 Joint Offer (top-up) | | £3,000 | TBC | 2.25% | 0.28% (max 1.6875%) | |
| Octopus AIM VCT (top-up) | | £3,000 | 05/04/2011 | 2.5% | 0.375% | |
| Octopus Second AIM VCT (top-up) (formerly Octopus IHT AIM VCT) | | £3,000 | 05/04/2011 | 2.5% | 0.375% | |
| Octopus Titan VCTs 1&2 (top-up) | | £1,000 | 05/08/2010 | 2.5% | 0.375% | |
| Octopus Titan VCT 4 | | £3,000 | 31/08/2010 | 2.5% | 0.375% | |
| ProVen VCT & ProVen Growth & Income VCT 'D' Share Linked Offer | | £5,000 | 29/10/2010 | 3.5% | 0.375% (max 1.5%) | |
* Expected closing dates are for the 2010/11 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/offer document 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- Existing shareholders in Downing Absolute Income VCT 1 will receive an additional 1% allocation of shares from Downing until the close of the offer.
3- The initial discount for Foresight Solar VCT comprises Clubfinance's rebated initial commission of 3%, and 2% additional shares provided under the terms of the offer for early applications received by 31st October 2010. These additional "early-bird" shares are financed by Foresight out of the issue costs of the offer.
a- Please note that for these VCTs, this maximum may not be reached due to the limited life nature of the VCT.
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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Clubfinance Ltd, all rights reserved.
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