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Family Office Bulletin

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Do you have a client like Sarah?

For professional advisers and paraplanners only. Not to be relied upon by retail clients.

Sarah is a doctor and a high earner. She’s prioritised planning for her retirement. Great, but that means she now has a pension pot nearing £1 million.

It’s a nice problem to have, but a large pension pot is a problem all the same.

The Lifetime Allowance (LTA) means that with further contributions she might incur an extra tax charge when she retires.

This popular Octopus planning scenario explains how a venture capital trust (VCT) can help suitable clients like Sarah to continue investing tax-efficiently for retirement.

Download the planning scenario HERE

If you’ve read the scenario and would like to know some more about VCTs, it’s worthwhile joining Octopus for their webinar on Octopus Apollo VCT on Tuesday 3 September at 11am.

Register for the webinar HERE

Key VCT risks:

  • The value of a VCT investment, and any income from it, can fall as well as rise. Investors may not get back the full amount they invest.
  • Tax treatment depends on individual circumstances and may change in the future.
  • Tax reliefs depend on the VCT maintaining its VCT-qualifying status.
  • VCT shares are by their nature high risk, their share price may be volatile and they may be hard to sell.

VCTs are not suitable for everyone. Any recommendation should be based on a holistic review of your client’s financial situation, objectives and needs. We do not offer investment or tax advice. This advertisement is not a prospectus. Investors should only subscribe for shares based on information in the prospectus and Key Information Document (KID), which can be obtained from octopusinvestments.com. Issued by Octopus Investments Limited, which is authorised and regulated by the Financial Conduct Authority. Registered office: 33 Holborn, London, EC1N 2HT. Registered in England and Wales No. 03942880. Issued: August 2019. CAM008620-1908

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