Coming of Age: How to Make the Most of VCTs
- On November 5, 2018
- By GrowthInvest Admin
VCTs have ‘come of age’ and are not only providing value for money for taxpayers but attractive investment returns.
VCTs were introduced in 1995 by John Major’s Conservative government, and under the direction of then-Chancellor Kenneth Clarke, and in that time there have been myriad changes to the rules and investor reaction to this type of investment. Although the reputation of VCTs has improved, there is still some scepticism in some quarters.
David Golding, an independent financial adviser at Charterhall Associates in Essex, says there are some advisers that will not recommend VCTs.
“Although [the investment sector has] got better, there is good and bad, and there have been a lot of bad investments in the past,” he says.
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