Calculus Capital Launches Zero Initial Fee VCT Offer
- On November 28, 2018
- By GrowthInvest Admin
Enterprise Investment Scheme and Venture Capital Trust specialist Calculus Capital is to waive initial fees on its new VCT until the end of the year.
The firm explained that most providers charge “promoter fees” of between 3% and 5% – Calculus will waive this fee if a subscription is made before the end of the year.
Calculus launched its first VCT over a decade ago and it told GBI Magazine that its funds have consistently hit their dividend targets.
The new Calculus VCT fund, which invests alongside Calculus EIS funds, is aiming to deliver an annual dividend of 4.5% from summer 2019. VCT investments attract 30% income tax relief if held for five years. Dividends are tax free too, and there is no capital gains tax on the sale of shares.
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