With rising taxes and potential changes to personal tax rates, VCTs offer a powerful tool for higher-rate taxpayers to reduce their income tax while supporting high-growth companies.
The 30 per cent upfront income tax relief, along with tax-free dividends and tax-free growth, makes VCTs an attractive option.
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As the Budget approaches with potential tax hikes, now could be the right time for advisers to consider VCTs to help clients optimise their financial planning.
Diana French is retail strategy director at Triple Point
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