How to apply for this VCT

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

Free VCT Guide

Download our free & comprehensive guide to VCTs.
All investment decisions must be made solely on the fund's prospectus.


Fund title: Maven Income & Grwoth VCT

Overview

*Rebate - Total 7% - ie Initial commission rebate of 4.5%, plus early bird discount of 1.5% for all existing investors (but 1.25% for all new investors) before 31/8/18, plus up to max 2% (ie 0.5% X 4 years) trail commission which is dependent on the investment being kept for the full term. However, the initial WealthMe Arrangement Fee of 1% is paid by the product provider from your Initial commission 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.

Please see Investor Brochure provided for full details, however summary of the product:

This is an opportunity to subscribe for New Shares in a joint £30 million offer by two well established generalist VCTs, where you can invest in one or both of the Companies. An early investment incentive discount (1.5% for existing shareholders, 1.25% for new investors) is available on applications accepted by 18 December.

These established VCTs each have a broad base of private company holdings, highly diversified across a range of sectors and the UK regions, and have competitive management fee structures.

These Offers provide investors with access to a manager with nationwide coverage of the SME and corporate finance market and a long-standing track record of success in the VCT sector. Maven has completed 20 new qualifying private company investments since April 2016, investing in attractive growth businesses with the potential to deliver strong investor returns.

SMEs will generally look to work with a manager that in addition to funding is also able to provide ongoing support and business expertise, and Maven is one of the best resourced VCT managers in the sector, with a nationwide investment team that is generating a healthy flow of VCT qualifying opportunities across the regions.

Investors under the Offers will benefit from:

• access to established VCTs with highly diversified portfolios and a history of progressive shareholder returns and paying regular dividends*;

• entitlement to all tax-free dividends paid by the Companies following the issue of New Shares;

• initial tax relief of up to 30%, tax-free dividends and exemption from capital gains tax, for Qualifying Investors (subject to the annual investment limit in VCTs);

• an investment and portfolio team with access to UK-wide private equity deal flow and a proven track record of investing in dynamic UK smaller private companies;

• a Manager with a strong history of achieving profitable private company exits, including eleven realisations since January 2015 of assets in which one or both of the Companies was invested, and which have generated sale multiples of up to 6.5x cost; and

• mitigation of risk through rigorous asset selection and exposure to a broad mix of private companies with strong growth potential, offering both geographical and sectoral diversification.

Fund type:

New Fund

Miniumum investment

£5,000

Initial Charges

7%

WealthMe Arrangement Fee

1%

Expected Close date

18 Dec 2018

Funds Raised and sought

£10m of £30m

Rebate

7.00%


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.