FAQs

Get To Know Your Advisor Facts & Questions

What is meant by Enterprise Investment Schemes and Venture Capital Trusts?

Enterprise Investment Schemes (EIS) are designed to help small companies raise finance by offering tax breaks to investors who purchase new shares in those companies. The maximum investment contribution is £2m. As a result, you can receive 30% income tax relief which can be offset against your earned income for the tax year. EIS shares must be held for 3 years otherwise the income tax relief will be withdrawn. Both of these encourage investment into smaller UK companies by offering tax relief, as you are a higher rate tax payer it may be worth exploring these in more detail.

How does the tax work in an ISA?

ISAs are effectively tax free and you are able to contribute £20,000 per tax year per person. Any growth, interest or dividend from the ISA is free of capital gains tax and any withdrawals are free of income tax.

Who can open and ISA?

Anyone over the age of 16 years old, if you are under that age you do have an option of opening junior ISA with a limit of £9000 per tax year.

Talk To An Adviser

You can reach us directly by calling us between the hours of 8:30am and 5pm at each of our respective offices and we will immediately assist you.

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