How to invest in a VCT
As VCTs are classified as a Complex Instrument you must first complete our online appropriateness assessment, which can be found when you Login to your Trading account. Choose the ‘personal details and preferences’ option from the ‘account’ tab, then select ‘Appropriateness Assessment Form’ from the ‘Account Information’ section. On successful completion we will be able to process your application. The assessment only needs to be completed once.
Please follow the instructions on the application form of your chosen VCT and post to the following address enclosing a cheque for the amount you wish to subscribe made payable to the VCT manager/provider:Interactive Investor Corporate Actions Department
Please write your interactive investor account number at the top of your application form
We charge a flat fee of £30 per application – please ensure there are sufficient funds in your Trading account to cover this fee. If insufficient funds are available the application process may be delayed.
In order to receive the tax benefits that VCTs can offer the application must be in your own named account.
Your application must be received by us a minimum of 3 working days prior to the VCT application closing date. This includes any early bird offer specified dates.
We will finalise your application and send to the company, and where possible you will receive your new VCT shares electronically in your trading account as default. If you would prefer to receive a share certificate, please let us know along with your application. If you choose to reinvest your VCT dividends with the VCT manager/provider, you will receive a share certificate.
New to interactive investor?
Apply for a Trading account. This should take less than five minutes.
Once you are set up, you should then be able to access your new account straight away and follow the process for existing customers (above).
Any investments in VCTs should be viewed as a high risk and long-term commitment. (i.e. five years for VCT schemes, but plan for a longer time-frame). Due to the nature of the underlying assets these schemes are highly illiquid. Investors must be aware they may have difficulty or be unable to realise their shares at levels close to that which reflect the value of the underlying assets. The risk reward ratio of investing in smaller companies is inflated as the risk of failure is higher. Tax incentives available to investors exist in order to attract investment into an asset class that warrants high risk categorisation, but are subject to tax law and HMRC practice, both of which can change. These are complex products and are only suitable for sophisticated investors. Please ensure you understand the risks involved. If you are unsure about the suitability of any investment please seek financial advice.
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