Seven out of 10 advisers believe that VCT investments can sit alongside ISAs and pensions, according to a report by Intelligent Partnership. We’ve pulled together a few highlights from the January 2017 report:

  • In total 82 per cent of advisers recommend VCTs to clients, up from 67 per cent from last year’s survey, which the report argues could be due to pension limits.
  • VCTs were recommended primarily for non-IHT tax planning. Additionally, nearly half of all advisers surveyed recommended VCTs due to their tax-free dividend income.
  • Sixteen per cent have never used the product, down from 23 per cent last year.
  • Those who were weary of VCTs listed investment risk as their top concern followed by compliance and due diligence, as well as liquidity. The FCA’s 2016 thematic review highlighted concerns with adviser due diligence.
  • The report is based on 124 responses from advisers involved in tax efficient investments.

Download the latest VCT Industry Report by Intelligent Partnership here.

For more information on the Calculus VCT please see here.