This material is directed only at persons in the UK and is not to be regarded as an offer or invitation to buy or sell an investment nor does it solicit any such offer or invitation in any jurisdiction other than the UK. Persons resident in territories other than the UK should consult their professional advisers as to whether they require any governmental or other consent or need to observe any formalities to enable them to invest in the products described in these pages. An investment in any VCT fund managed by Elderstreet must only be made on the basis of the information set out in the relevant prospectus. The investments referred to on this website may not be suitable for all investors. Investors should seek advice from a financial advisor. Elderstreet does not provide and nothing on this website should be construed as investment or tax advice. If you are in any doubt as to the suitability of these products for you, you should seek independent financial advice.
The past performance of VCTs or other investment products is not necessarily a guide to the future performance. The value of an investment may go down as well as up, in which case an investor may not get back the amount invested. The share price of a VCT may not reflect its net asset value. VCT funds often invest in unquoted companies which are small and which carry an above-average level of risk and whose shares may not be readily marketable.
The tax reliefs available to certain investors in VCTs are dependent on the VCT maintaining Inland Revenue approval. If this approval is withdrawn, a VCT will lose its status and all tax reliefs are likely to be cancelled. Investors must retain their VCT shares for three years to retain the up-front income tax relief. The tax rules and regulations governing VCT funds are subject to change. Prospective investors in VCTs managed by Elderstreet should ensure that they read the risk warnings set out in the relevant prospectus.
Withdrawal of tax breaks: The generous tax breaks are one of the major attractions of VCTs. If the investment is not held for three years or if the VCT does not invest 70% in qualifying investments after three years, the initial tax breaks can be withdrawn. Long-term nature of the investment: Generally, VCTs are considered to be long-term investments. Charges and performance fees: The levels of charges for VCTs may be greater than Unit Trusts and Open Ended Investment Companies.
The contents of this website relating to the VCT have been issued for the purposes of section 21 of the Financial Services and Markets Act 2000 by Elderstreet Investments Ltd whose registered office is at 32 Bedford Row, London, WC1R 4HE. Elderstreet Investments Ltd is authorised and regulated by the Financial Services Authority.
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Elderstreet Investments Ltd is authorised and regulated in England by the Financial Services Authority. Registered office, 32 Bedford Row, London, WC1R 4HE. Registered in England No. 3057805.
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Elderstreet was voted VCT Fund Manager of the Year in both 2009 and 2010 by Growth Capital Investor.
Elderstreet was also the winner of Investment Week's 2014 Investment Company of the Year award.
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