The EIS Navigator 122 EIS & VC Basics: How to choose between EIS and VCTs for investing with Francesca Rayneau of Calculus Capital
In the latest in the EIS & VC basics series for the EIS Navigator podcast we discuss how investors should choose between EIS and VCTs. Calculus Capital manage products under both schemes, so their Head of Investor Relations, Francesca Rayneu, is ideally placed to discuss the arguments for both.
Francesca covers lots of different areas that may need to be considered. These include:
- how both have the same aim and company rules
- why the different wrappers lead to different portfolios for investors
- what affects different investor profiles, such as risk profile, tax and liquidity or income needs
- how each gives different portfolio visibility and investee company contact
- the different stage of investment
- how CGT or IHT reliefs figure into factors
- how to look at fees
While we cover a lot of areas, investors may wish to take financial advice to see how each applies to their own situation. They may wish to listen to or watch episodes 113 to 116 before this if they are less familiar with the schemes. Francesca gives a good explanation of what investors should think about. Enjoy!
Links
Calculus Capital - https://calculuscapital.com/
HMRC page on tax reliefs for venture schemes: https://www.gov.uk/guidance/venture-capital-schemes-tax-relief-for-investors
Subscribe to the EIS Navigator podcast on most services here: https://the-eis-navigator.captivate.fm/listen
You can see this episode on video too here. https://youtu.be/zJxAr_Ofhnk
The playlist for all the videos of the Basics series will be found here.
Bio
Francesca Rayneau
Head of Investor Relations, Calculus Capital
Francesca joined Calculus in 2015 and leads the Sales and Marketing team, overseeing all aspects of fundraising, marketing, and investor communications. She began her career in financial services in Geneva, Switzerland.
She holds a degree in International Management from the University of Manchester, during which she also studied at Bocconi University in Milan. Francesca has also earned the CISI Certificate in Wealth Management and the Client Assets and Money qualification.
Disclaimer
Please note this podcast/interview does not constitute a financial promotion and is provided for informational purposes and should not be construed as an invitation or offer to buy or sell any investments. Please be aware that investments into unquoted companies are high risk, long term and illiquid investments. Your capital is at risk. Past performance is not a reliable indicator of future performance. Target returns are not guaranteed and forward looking statements are illustrative only and must not be relied upon. Investors should only invest on the basis of reading the full offer documentation. Listeners must make their own independent decisions and obtain their own independent advice regarding any information, projects, securities, tax treatment or financial instruments mentioned herein.
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