Maven has announced a new top-up offer into Maven Income & Growth 4 VCT, a traditional, generalist VCT invested in a broad range of sectors and types of company. It is another chance to invest with Maven in this tax year following the closure of their linked top up offer earlier this year.
I believe Maven has one of the best resourced and most capable VCT management teams and their network of regional offices has sourced a consistent flow of good-quality VCT assets. They have also demonstrated a commitment to providing a high level of regular dividends. Given the modest fund raising of £5m I believe this offer is also likely to sell out rapidly. For more information on VCTs, the risks, and the tax reliefs available, please refer to the VCT section of our website. The risks of this VCT are described in more detail in the prospectus.
Remember, VCTs are sophisticated investments and only for experienced investors who understand them. They invest in smaller, usually unquoted companies, some of which could struggle and even fail altogether, so you could get back less than you invest. They also have higher charges than most types of funds and usually include performance fees. There might only be one market maker for VCT shares which means they can be harder to sell than main-stream equities, and they are exposed to substantially higher risks. Please remember tax rules can change, the benefits will depend on your circumstances and that to retain the 30% income tax relief investors must hold the shares for at least five years and the VCT must retain qualifying status.
If you're interested in this VCT offer please refer to the VCT section of our website for further details and the prospectus, which should be read before investing. If you proceed with an application we'll assume that you regard yourself as a suitably sophisticated investor. If you have any doubts you should seek expert advice.