While tax-efficient investments such as the Enterprise Investment Scheme (EIS) have seen a rise in popularity among UK investors, most clients are still not fully aware of its benefits.
To help raise awareness of the opportunities presented by EIS, Blackfinch Ventures have launched several new materials, which efficiently outline the benefits of EIS investment.
Blackfinch’s report, titled ‘Using EIS Carry Back to Reduce Previous Income Tax Bills’, details how investors can claim 30% income tax relief on their new EIS investment, providing a real-world scenario and explaining the solution. This can reduce their tax bill in the year they invest, as well as being carried back to the previous tax year.
The report also lists some of the risks, courtesy of the FCA, to ensure that readers are presented with all the information they need before pursuing EIS investment.
Blackfinch have also published a video, titled ‘EIS Unpacked’. The video concisely explains the key points of EIS, using client-friendly language which should help advisers put their recommendations into context and meet consumer duty requirements.
‘EIS Unpacked’ suggests the types of young companies that an EIS would invest in and explains how that potential investment is structured. It also details the expected tax benefits, returns, fees, and charges, while also covering the potential risks associated.
To find out more about Blackfinch’s EIS Portfolios, contact them here.
