How to apply for this EIS

  1. Click on the Download button below to obtain all relevant literature.
  2. Read all the literature provided in full, ensuring you’re happy to proceed.
  3. Post the completed forms along with two valid forms of ID, and a cheque made payable to the provider, to: WealthMe, PO Box 362, Burgess Hill, West Sussex, RH15 5BH.

Free EIS Guide

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Fund title: Mercia EIS

Overview

*Rebate - Total 1.25% - Mercia have reduced their initial fee to 0.75% from 2% However, the initial WealthMe Arrangement Fee of 1% is paid by the product provider from your Initial investment or it can be paid by the investor separately.

If applicable we will ask the product provider to reinvest any initial or trail commission back into your plan. This will be either in the form of a reduction in their charges or an enhancement of additional shares. However if this cannot be facilitated, they will pay any initial or trail commission to WealthMe. We will then pay any surplus initial commission immediately back to the recipient. Any trail commission we receive will be paid to the recipient in January based on the amount received in the previous year (subject to a £10 administration fee). All initial and trail rebates will be paid net of basic rate tax and are to be treated as taxable income by the recipient as stipulated by HMRC.

As stated in their IM, VAT is chargeable on all fees except for the dealing charge, as defined in the example £30,000 illustration below.

Gross                                   *£30,000.00

Initial                                     £478.80

Custodian & admin               £205.20

AMF                                      £1,436.39

VAT                                       £424.08

Dealing charge                     £95.76

Net                                        £27,359.78

*Assuming three years fees are to be deducted with the remaining paid by invoice       

Annual management fees are paid for in advanced in years 4-6, but we expect that this may be partly/entirely paid for by cash distributions.  Subject to the precise share price of the last investment in the fund, there may be a small amount of uninvested money remaining, for which tax reliefs are not available. Please note this is just for illustrative purposes and can not be relied upon. For full charges, please contact the product provider and read their IM.

Fund type:

New Fund

Miniumum investment

£25,000

Initial Charges

2%

WealthMe Arrangement Fee

1%

Expected Close date

TBC

Funds Raised and sought

TBC of £30m

Rebate

1.25%



Important Information
The information given here has been taken from the product terms and conditions, brochure, and other literature available from the product provider. However, no guarantee can be made to the accuracy of the information. You should therefore satisfy yourself as to the full terms and risks of any investment by reference to the relevant materials provided by the product provider. In the unlikely event of any discrepancy between the information shown here and that provided in the provider literature, the product literature shall prevail. All investment involves risk and you could lose some or all of the money you invest.