Well-designed investment planning requires a thorough understanding of your personal circumstances and goals. We take the time to understand these with you, covering every aspect of your past, present and future to ensure we leave no stone unturned.
An Individual Savings Account (ISA) is designed for the purpose of investment planning, investments, and savings, with a favourable tax status. Whilst contributions are from after tax income or savings, the investment and any withdrawal is not subjected to income tax or capital gains tax.
A Venture Capital Trust (VCT) is a tax-efficient investment vehicle that is actively encouraged by the UK government to support the growth of early-stage businesses – they reward you for investing in the lifeblood of the UK economy. The current tax reliefs available for qualifying investors are:
Up to 30% income tax relief on the amount subscribed year).
Tax-free dividends
Tax-free capital gains on the disposal of shares
Subject to the shares being held for a minimum of five years with a maximum investment of £200,000 in VCTs in any tax year. The amount of relief you receive cannot exceed your income tax liability for that year.
VCTs should be regarded as higher risk investments. VCTs are only suitable for UK resident taxpayers who can tolerate higher risk and have a time horizon of greater than five years. Historical or current yields should not be considered a reliable indicator of future returns, which cannot be guaranteed. Share values and income from them may go down as well as up and you may not get back the amount originally invested. Owing to the nature of their underlying assets, VCTs are highly illiquid. Investors should be aware that they may have difficulty, or be unable to realise their shares at levels close to that that reflect the value of the underlying assets. Tax levels and reliefs may change, and the availability of tax reliefs will depend on individual circumstances. You should only subscribe for new VCT shares on the basis of the relevant prospectus and must carefully consider the risk warnings contained in that prospectus.
Florins Pensions & Investments Ltd is authorised and regulated by the Financial Conduct Authority.
Florins Pensions & Investments Ltd is entered on the Financial Services Register https://register.fca.org.uk/ under reference 512554
Licensed by the Institute of Chartered Accountants in England and Wales to carry out the reserved legal activity of non-contentious probate in England and Wales
If you wish to register a complaint, please write to or telephone 01507 304222. A summary of our internal complaints handling procedures for the reasonable and prompt handling of complaints is available on request and if you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service at financial-ombudsman.org.uk or by contacting them on 0800 023 4 567. If you cannot settle your Probate complaint with us, you may be entitled to refer it to the Legal Ombudsman at legalombudsman.org.uk or by calling 0300 555 0333.
The guidance and/or advice contained within this website is subject to the UK regulatory regime, and is therefore targeted at consumers based in the UK.
