Venture capital trusts offer the opportunity to invest in some of Britain's most exciting small growth companies and a juicy 30 per cent income tax break.
By pooling investors money in investment trusts run by specialist managers, VCTs offer a way to spread your risk while backing the small firms that could become the next big thing, with previous examples including Zoopla, Depop and Five Guys.
But they say you should never let the tax tail wag the dog, so before putting money into a VCT you need to make sure it is right for you.
On this episode of the Investing Show, Simon Lambert and Richard Hunter are joined by Bestinvest's Jason Hollands, who explains what you need to know about VCT investing - and talks through some of the offers out there.
DIY INVESTING PLATFORMS > Compare the best investing platform for youNorwegian Cruise Line, Wix.com rise; Cushman & Wakefield, Target fall, Monday, 5/20/2024
Soccer fan arrested in Marseille as authorities investigate reports of Nazi salute, monkey chants
Japan beats Uzbekistan in stoppage time in U23 Asian Cup final
Euro 2024 teams can add 3 players in 26
Culture festival showcases integration
Bomb kills 5 people, including children, at a refugee camp in eastern Congo
Sophie, Duchess of Edinburgh, attends her late mother
Jewish students grapple with how to respond to pro
Padres second baseman Xander Bogaerts leaves game against Braves with shoulder injury
Luke Rowe, who helped 3 leaders win the Tour de France, will retire at the end of the season