Investments into VCTs reached £239.8 million this tax year, a 19.7% increase year-on-year, showcasing the robust demand and performance of these investment vehicles.
Nicholas Hyett stated, "Demand for VCTs continues to go from strength-to-strength... Total VCT investment this tax year is approaching £240 million, up nearly 20% year-on-year."
Wealth Club research indicates that 27.9% of VCT investee companies had revenue growth of 50% or more last year, significantly outperforming their main market counterparts.
With their 30% income tax relief and tax-free dividends, VCTs are one of the few tax-efficient investment options remaining for high net worth investors.
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