For Professional Financial Advisers Only

Tax-efficient investments for discerning clients

RAM Capital is the UK's largest independent promoter of VCTs, EISs and SEISs — giving financial advisers access to a carefully curated range of tax-efficient investment solutions since 2007.

View Current Offers Speak to the Team

RAM CAPITAL AT A GLANCE

£2.6bn

Raised through financial advisers

200

Independent offers successfully promoted

19yrs

Supporting professional advisers

82%

Average of maximum funds raised per offer

Scroll

Current Offers

Tax-efficient investment solutions

A carefully selected range of EIS, SEIS and VCT products from established fund managers — each independently assessed for quality, track record and adviser suitability.

Getting documents: Click any open offer to download instantly — or — tick the boxes to have a bundle emailed to you

VCT● Closed

Gresham House

Baronsmead VCTs

The Baronsmead VCTs are among the limited number of VCTs adopting a 'hybrid' strategy, investing in high-growth unquoted, AIM-listed, and other publicly traded companies. Their portfolios are aligned, with both VCTs co-investing alongside one another.

StructureAnnual Fundraise

StageEarly stage & growth

SectorsTechnology, Healthcare, Consumer

→

British Smaller Companies VCTs prospectus cover

VCT● Closed

YFM Equity Partners

British Smaller Companies VCTs

The British Smaller Companies VCTs (together the BSC VCTs) play a meaningful role in supporting the development of ambitious, early-stage businesses right across the UK, from YFM's five regional offices.

StructureAnnual Fundraise

StageEarly stage & growth

SectorsSoftware, Cloud, Media, Business Services

→

Molten Ventures KI EIS 2025–26 document cover

KI EIS● Opening late 2026

Molten Ventures / Encore Ventures

Molten Ventures Approved KI EIS 2026–27

Molten Ventures EIS backs visionary founders building the next generation of high-growth tech businesses. Managed by Encore Ventures LLP, the Fund draws on the strength of the wider Molten Ventures platform—gaining access to top-tier deal flow, deep sector expertise, and hands-on support.

StructureAnnual Closes

StageSeries A & beyond

SectorsEnterprise & SaaS, Consumer, Digital Health, and Hardware & Deep Tech

→

EIS● Open

Molten Ventures / Encore Ventures

Molten Ventures EIS

Molten Ventures EIS backs visionary founders building the next generation of high-growth tech businesses. Managed by Encore Ventures LLP, the Fund draws on the strength of the wider Molten Ventures platform—gaining access to top-tier deal flow, deep sector expertise, and hands-on support.

StructureQuarterly Closes

StageSeries A & beyond

SectorsEnterprise & SaaS, Consumer, Digital Health, and Hardware & Deep Tech

→

VCT● Closed

Molten Ventures

Molten Ventures VCT

Molten Ventures VCT plc is a long-established and successful venture capital trust, managed by Elderstreet Investments—one of the UK's most experienced VCT managers. Focused on high-growth, knowledge-intensive technology businesses, the VCT offers investors access to a strong, diversified portfolio alongside the potential for tax-free dividends and other VCT tax benefits.

StructureAnnual Fundraise

StageSeries A & beyond

SectorsEnterprise & SaaS, Consumer, Digital Health, and Hardware & Deep Tech

→

VCT● Closed

Pembroke Investment Managers

Pembroke VCT

Growth-stage VCT backing ambitious founders in consumer brands, lifestyle, food & beverage, wellness and digital businesses across the UK.

StructureAnnual Fundraise

StageGrowth stage

SectorsConsumer, Technology & Business Services

→

SFC Angel Fund SEIS 2026/27 document cover

SEIS● Open

SFC Capital

SFC Angel Fund SEIS 2026/27

Startups across a broad range of sectors at the forefront of the innovation economy, particularly focusing on areas like ClimateTech, HealthTech, DeepTech, and B2B Software for their high-value potential.

StructureQuarterly Closes

StagePre-seed / Seed

SectorsClimateTech, HealthTech, DeepTech, B2B

→

Documents & Marketing Material

Tick the documents above you'd like, add your email, and we'll send you the links.

For more information on this product, speak directly to the RAM Capital team.

Email the Team 020 3006 7530

Call us

020 3006 7530

Email

taxsolutions@ramcapital.co.uk

Office Hours

Mon–Fri, 9am–5pm

Address

Mappin House
4 Winsley Street
London
W1W 8HF

Send an Enquiry

About RAM Capital

The UK's leading independent tax-efficient promoter

For nearly two decades, RAM Capital has been the trusted distribution partner for financial advisers seeking quality VCT, EIS and SEIS investment solutions.

Founded by Lenny Norstrand in 2007, RAM Capital Partners LLP was established with a singular purpose: to give professional financial advisers access to the best tax-efficient investment opportunities in the UK market.

We do not give investment or tax advice. What we do is bring rigorous product selection, deep sector knowledge, and 19 years of relationships in the VCT and EIS market to bear on behalf of the advisers we work with.

As of April 2026, RAM Capital had raised approaching £2.6 billion through 200 independent offers, achieving on average 82% of maximum funds sought.

Curated product selection

We work with a focused range of established fund managers — not a directory. Every product on our platform is one we know well.

Adviser-first relationship

Our entire model is built around the professional adviser. We provide the information, introductions, and support you need.

19 years, £2.6bn raised

200 offers, averaging 82% of maximum funds sought — built on consistent quality of product and depth of adviser relationships.

The Team

Experienced specialists, directly accessible

Our small, senior team has decades of experience in tax-efficient investing. You will always deal with a principal — never passed to a junior or a call centre.

Lenny Norstrand

Founding Partner

Lenny has a Masters Degree in Corporate and International Finance from Durham University. He has 31 years experience in the City, (promoting VCTs since 1999) having started his financial career as an institutional broker at Société Generale in 1994. Later he worked as a Manager at Noble & Company in their Corporate Finance Division. In 2002 Lenny was appointed Divisional Director of Corporate Finance at Brewin Dolphin Securities where his main role was to establish and head the Brewin Dolphin Tax Solutions team. Lenny founded RAM Capital Partners LLP in 2007.

Brewin DolphinNoble & CoSociété Générale

Contact Lenny LinkedIn

Matthew Brown

Partner

Matt has worked in the City since 1982 and has been promoting VCTs since they were born in 1996. Matt began life in finance with Medical Sickness, Prudential and Guinness Flight, ran his own IFA practice before becoming Marketing Manager with Downing promoting VCTs and EISs. Matt was Head of Intermediary Sales at Close Investments before becoming a partner at RAM in 2007. Matt is a Fellow of the Chartered Institute for Securities & Investment.

Close BrosDowningGuinness Flight

Contact Matt LinkedIn

Jane Eva

Operations & Client Services

Jane graduated from the College of St Paul and St Mary in Cheltenham with a B.Ed. degree in Physical Education. She taught PE before retraining to become a primary school teacher at Homerton College in Cambridge. She then taught for many years in a local preparatory school in Chelmsford. Whilst bringing up her family she also worked in the family sportswear business. Having always wanted to work in London, and seeking a career change, Jane joined RAM Capital Partners as PA in 2014.

Client ServicesOperations

Contact Jane LinkedIn

Work with RAM Capital

Ready to discuss our current offers?

Whether you are researching the market for the first time or looking to place a specific client allocation, Lenny or Matt are available to talk you through our current offers, answer questions on any product, or arrange a direct introduction to the fund managers.

Email Us 020 3006 7530

Resources

Useful links & reference tools

Independent research, industry bodies, and fund manager websites to support your due diligence.

Tax Efficient Review

Tax Efficient Review (TER) has, for over 20 years, reviewed the tax efficient investment market for UK based independent financial advisers. Everything we do is directed to help the financial advisers who come to us for independent, impartial comment and research on this complex area of the UK investment market.

taxefficientreview.com →

MICAP

Through the MICAP Fund Finder you can access current data, investment documents and MICAP Reviews on hundreds of tax-advantaged investments. Its easy-to-use research and due diligence tool will enable you to quickly and efficiently search, filter and compare the "whole-of-market" to find offers meeting your precise requirements.

micap.com →

VCTA

The VCTA is the industry body representing fourteen of the largest venture capital trust managers in the UK.

Our members make up more than 90% of the VCT industry, with £6.5bn funds under management invested through an extensive regional network of local offices across the UK.

vcta.org.uk →

EISA

The EIS Association supports, engages and empowers entrepreneurs, advisers and investors across the UK using the EIS and SEIS.

We are the not-for-profit trade body for the Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS).

eisa.org.uk →

AIC

The Association of Investment Companies (AIC) was founded in 1932 to represent investment trusts – the oldest form of collective investment. Today, the AIC represents a broad range of investment companies, investment trusts, VCTs and other closed-ended funds.

theaic.co.uk →

Our Fund Managers

Direct links to the websites of our current fund manager partners.

Baronsmead VCTs — Gresham House

Manager of the Baronsmead VCTs, investing in high-growth unquoted and AIM-listed companies across technology, healthcare and consumer.

greshamhouse.com →

Molten Ventures

Molten Ventures backs visionary founders building the next generation of high-growth tech businesses and with the strength of the wider Molten Ventures platform—gains access to top-tier deal flow, deep sector expertise, and hands-on support.

moltenventures.com →

Pembroke Investment Managers

A generalist VCT offering access to early-stage companies across the consumer, business services, and technology sectors.

pembrokevct.com →

SFC Capital

Manager of the SFC Angel Fund, the UK's most active SEIS fund. SFC Capital has invested in 600+ companies, backing sectors including DeepTech, Life Sciences, B2B Software, ClimateTech, and more.

sfccapital.com →

YFM Equity Partners

Manager of the British Smaller Companies VCTs, backing early-stage businesses across the UK from five regional offices.

yfmep.com →

News & Industry Insight

Latest news

Industry commentary, fund manager updates, portfolio company news, and policy developments shaping the UK's tax-advantaged investment landscape.

MoltenMolten Ventures · Aug 2026

Team Spotlight — Meet Inga Deakin, Partner

Adviser Fund Centre

A centralised resource hub for all current RAM Capital products — reports, factsheets, NAV histories, dividend records and portfolio data, sourced directly from fund managers.

Tax Calculator Suitability Letter Generator VCT Performance

Enterprise Investment Schemes

Molten Ventures Approved KI EIS 26/27

Encore Ventures LLP (Molten Ventures plc group)

EIS Opening Late 2026

Estimated to open for applications late 2026

Download or request these documents

Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.

Molten Ventures Approved KI EIS 25/26 cover

Offer Documents

PDFInformation Memorandum

2025

PDFInvestment Summary

March 2026

PDFMemorandum for Distributors

2025

Regulatory & Compliance

PDFKey Information Document (KID)

December 2025

PDFTarget Market Statement

July 2026

PDFValue Statement

December 2025

Research & Updates

PDFTax Efficient Review

February 2025

↗MICAP Research

Requires MICAP registration

Media

▶Molten EIS in a Minute (video)

Vimeo

Molten Ventures EIS

Encore Ventures LLP (Molten Ventures plc group)

EIS Evergreen Apply online →

Download or request these documents

Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.

Offer Documents

PDFInformation Memorandum

October 2025

PDFInvestment Summary

October 2025

PDFMemorandum for Distributors

October 2025

Regulatory & Compliance

PDFKey Information Document (KID)

December 2025

PDFTarget Market Statement

July 2026

PDFValue Statement

October 2025

Research & Updates

PDFTax Efficient Review

February 2025

↗MICAP Research

Requires MICAP registration

Media

▶Molten EIS in a Minute (video)

Vimeo

Seed Enterprise Investment Schemes

SFC Angel Fund SEIS 2026/27

SFC Capital Partners Ltd · FCA no. 736284

SEIS Offer Open Adviser portal →

Download or request these documents

Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.

Offer Documents

PDFInformation Memorandum

March 2026

PDFRecent SEIS Cohort Portfolio Overview

2025/26

Regulatory & Compliance

PDFKey Information Document (KID)

March 2026

PDFTarget Market Assessment

March 2026

PDFValue Assessment

March 2026

Venture Capital Trusts

Baronsmead VCTs — BVT & BSVT

BVT — Baronsmead Venture Trust · BSVT — Baronsmead Second Venture Trust

Gresham House Asset Management Ltd · LSE listed

VCT Offer Closed Apply online →

Download or request these documents

Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.

Dividends Paid per Year

Year	BVT	BSVT
2026	3.50p	4.00p
2025	3.75p	4.00p
2024	4.25p	4.00p
2023	4.50p	5.25p
2022	6.50p	6.50p
2021	6.50p	6.50p
2020	6.50p	6.50p
2019	7.50p	7.50p
2018	6.50p	7.50p
2017	3.00p	3.00p
2016	15.00p	17.00p

Total dividends paid in each calendar year (pence per share).

Portfolio by Sector

As at 31 December 2025

Technology66%

Healthcare & education18%

Business services8%

Consumer markets8%

Combined Baronsmead portfolio; BVT and BSVT hold substantially the same companies.

Top 10 Holdings

BVT · by % of NAV · as at 31 March 2026

Cerillion plc (A)7.4%
Netcall plc (A)5.0%
Patchworks Integration Ltd (U)4.4%
Airfinity Ltd (U)3.0%
Property Franchise Group plc (A)2.6%
SecureCloud+ Ltd (U)1.8%
Popsa Holdings Ltd (U)1.6%
Fu3e Ltd (U)1.6%
Diaceutics plc (A)1.4%
Scurri Web Services Ltd (U)1.3%

BVT and BSVT co-invest in substantially the same portfolio; weightings differ slightly.
(U) unquoted · (A) AIM-quoted

British Smaller Companies VCTs — BSC VCT & BSC VCT 2

YFM Equity Partners · LSE listed

VCT Offer Closed

Download or request these documents

Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.

British Smaller Companies VCTs — BSC VCT & BSC VCT 2 cover

Dividends Paid per Year

Year	BSC VCT	BSC VCT 2
2026	—	1.50p
2025	5.25p	4.00p
2024	4.00p	3.00p
2023	8.50p	5.25p
2022	6.00p	3.00p
2021	7.00p	8.00p
2020	6.00p	3.50p
2019	11.00p	8.00p
2018	4.00p	3.00p
2017	22.25p	3.00p
2016	8.50p	4.50p

Total dividends paid in each calendar year (pence per share).

Portfolio by Sector

As at 31 December 2025

Application Software37%

Tech-enabled Services20%

Data19%

Cloud & DevOps14%

Retail & Brands4%

New Media3%

Business Services2%

Adv. Manufacturing / Other1%

BSC VCT and BSC VCT 2 hold substantially the same companies.

Top 10 Holdings

BSC VCT 2 · by % of NAV · as at 31 March 2026

Matillion9.0%
Unbiased5.9%
Xapien5.6%
Summize5.0%
Vypr4.3%
AutomatePro3.0%
DrDoctor2.3%
Plandek2.1%
Workbuzz1.9%
Outpost VFX1.9%

BSC VCT and BSC VCT 2 co-invest in substantially the same portfolio; weightings differ slightly.

Molten Ventures VCT

Elderstreet Investments Ltd · LSE listed

VCT Closed

Download or request these documents

Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.

Dividends Paid per Year

Year	Total paid
2026	2.10p
2025	2.15p
2024	2.50p
2023	1.50p
2022	4.60p
2021	2.50p
2020	3.00p
2019	3.00p
2018	1.50p
2017	3.00p
2016	5.00p

Total dividends paid in each calendar year (pence per share). Target annual dividend: ~5% of NAV.

Portfolio by Sector

As at 31 March 2026

Enterprise technology35%

Deeptech & hardware23%

Cash & other assets20%

Legacy investments11%

Digital health8%

Consumer technology3%

Full portfolio → Molten investor hub ↗

Top 10 Holdings

By % of NAV · as at 31 March 2026

Riverlane Limited10.4%
Form3 UK Limited7.0%
Fords Packaging Topco Limited6.7%
Thought Machine Group Limited5.8%
Expanding Circle Limited4.7%
Global Satellite Vu Limited4.2%
Focal Point Positioning Limited4.0%
BInalyze OÜ3.7%
Melio Healthcare Limited3.1%
Pulsar plc2.9%

Pembroke VCT

Pembroke Investment Managers LLP · LSE listed

VCT Offer Closed Apply online →

Download or request these documents

Click the icon beside any document to download it straight away — or tick the boxes beside the items you need. You can tick documents across as many products as you like; selections are gathered in the request bar at the foot of the page.

Dividends Paid per Year

Year	Total paid
2026	3.50p
2025	3.00p
2024	4.00p
2023	5.00p
2022	5.00p
2021	11.00p
2020	3.00p
2019	3.00p
2018	3.00p
2017	3.00p
2016	2.00p

Total dividends paid in each calendar year (pence per share). Target annual dividend: 5p (variable), plus specials on exits.

Portfolio by Sector

As at 31 March 2026

Technology34%

Business services24%

Consumer22%

Other net assets20%

Total net assets £286.2m. Other net assets includes cash & equivalents of £56.6m.

Top 10 Holdings

By % of NAV · as at 31 March 2026

LYMA (T)13.4%
Popsa (T)7.9%
Coat (T)5.5%
SeatFrog (B)3.6%
Five Guys (C)3.3%
Secret Food Tours (C)3.1%
Credentially (B)2.7%
Serve First (B)2.6%
Troubadour (C)2.5%
Hackney Gelato (C)2.1%

(T) Technology · (C) Consumer · (B) Business services

Educational Videos — CPD Qualifying

Short explainers on how VCT, EIS and SEIS investments work — useful background for you or your clients, and structured CPD for your own development record. Each runs between seven and sixteen minutes: watch a video and answer a few short questions to check your knowledge, and you can download a dated CPD certificate for your files.

RAM Capital Partners · Adviser insight

Insights

Plain, practical guidance on VCT, EIS and SEIS for financial advisers — the tax rules, the differences, and how to put them to work.

VCT income tax relief is now 20%: what the 2026 change means for advisers

From 6 April 2026, upfront relief on new VCT shares fell from 30% to 20% — what moved, what didn't, and how to frame it.

VCT vs EIS vs SEIS: a financial adviser's quick guide

The three schemes compared on the 2026/27 rules — relief, limits, holding periods, dividends, CGT and loss relief.

VCT income tax relief is now 20%: what the 2026 change means for advisers

From 6 April 2026, upfront relief on new VCT shares fell from 30% to 20%. Here's a plain briefing on what moved, what didn't, and how to frame it with clients.

2026/27 update

From 6 April 2026, the upfront income tax relief on newly issued Venture Capital Trust (VCT) shares reduced from 30% to 20%. For advisers recommending VCTs, it's a meaningful change to the numbers — but, importantly, it changes far less than it might first appear. Here's a clear briefing on what moved, what didn't, and how to frame it with clients.

What changed

The headline income tax relief on new VCT subscriptions is now 20% of the amount invested, down from 30%. On a £50,000 subscription, that's £10,000 of relief rather than £15,000 — so the effective net cost rises from £35,000 to £40,000. As before, the relief can only be set against an income tax liability at least equal to it, and the shares must be held for the minimum period to keep it.

What stayed exactly the same

This is the part worth emphasising in client conversations, because the rest of the VCT proposition is unchanged:

Feature	Still applies
Annual investment limit	Up to £200,000 per tax year qualifies for relief
Minimum holding period	5 years to retain the income tax relief
Dividends	Tax-free (on holdings within the £200,000 limit)
Growth	Free of capital gains tax on disposal of the shares

So the tax-free income and tax-free growth that make VCTs attractive for higher earners — particularly those who have used their pension annual allowance — are all intact. Only the upfront relief has moved.

Worked example. A client invests £50,000 in a new VCT offer. Income tax relief at 20% is £10,000, so the effective net cost is £40,000. If the VCT pays a 5%-of-NAV dividend, that's roughly £2,500 a year, tax-free — an effective yield of about 6.3% measured against the net cost. (Illustration only; dividends are not guaranteed.)

What it means for advice

The lower relief nudges the suitability maths, so it's worth revisiting how you frame VCTs:

The income story matters more than ever. With less upfront relief, the tax-free dividend stream does more of the heavy lifting in the case for a VCT. For income-focused clients that's often still compelling; for those who were primarily chasing the 30% "discount," expectations may need resetting.

Position VCTs within the wider toolkit. EIS still offers 30% income tax relief and SEIS 50%, alongside their own reliefs — so where a client's objectives allow, the relative attractiveness of EIS/SEIS on the upfront relief has widened. VCTs remain distinct for their tax-free income and greater diversification.

Existing holdings are unaffected. The change applies to new shares issued from 6 April 2026 — relief already claimed on earlier subscriptions is not disturbed.

Frequently asked

Does the 20% rate affect VCT shares my client already holds?

No. It applies to newly issued shares subscribed for from 6 April 2026 onwards. Relief on earlier subscriptions is unaffected.

Are VCT dividends still tax-free?

Yes — dividends on holdings within the £200,000 annual limit remain free of income tax, and they are not guaranteed but paid at the trust's discretion.

Has the holding period changed?

No. VCT shares must still be held for at least five years to retain the income tax relief.

How RAM Capital helps

RAM Capital Partners is a specialist distributor of VCT, EIS and SEIS investments to UK financial advisers. Our Adviser Fund Centre brings together the current offers, full literature packs, an interactive tax-relief calculator (reflecting the new 20% VCT rate), CPD, and suitability support — so you can model the post-2026 numbers and document your recommendations in one place. Our distribution desk can help with product selection, due diligence and research, and introduce you to the managers running the funds your clients invest in.

For professional financial advisers only — not a financial promotion to retail clients. General information, not tax or investment advice. VCT, EIS and SEIS investments place capital at risk and are illiquid; tax reliefs depend on individual circumstances and may change.

VCT vs EIS vs SEIS: a financial adviser's quick guide

Three schemes for backing smaller UK companies, three different fits. Here's how they compare on the 2026/27 rules, and where each one earns its place.

VCTs, EIS and SEIS all reward investors for backing smaller, higher-risk UK companies — but they suit different clients and objectives. This quick guide sets out the differences at a glance and where each tends to fit, using the 2026/27 rules.

At a glance

	VCT	EIS	SEIS
Income tax relief	20%	30%	50%
Max per tax year	£200,000	£1m (£2m if ≥£1m knowledge-intensive)	£200,000
Minimum hold	5 years	3 years	3 years
Tax-free dividends	Yes	—	—
Tax-free growth	Yes	Yes	Yes
CGT treatment on a gain	—	Deferral	50% reinvestment relief
Loss relief	No	Yes	Yes

(VCT income tax relief reduced from 30% to 20% for new shares from 6 April 2026.)

The quick way to tell them apart

VCT — for tax-free income and diversification. A VCT is a listed company that invests in a spread of small trading companies, so a single subscription gives instant diversification and, crucially, a stream of tax-free dividends. That income focus, plus tax-free growth, is the heart of the VCT case — even with upfront relief now at 20%.

EIS — for higher upfront relief, CGT deferral and estate planning. EIS invests directly into individual qualifying companies. It offers 30% income tax relief on up to £1m a year (£2m where at least £1m goes into knowledge-intensive companies), the ability to defer a capital gain made elsewhere, tax-free growth, and — after two years — potential Inheritance Tax Business Relief. (From 6 April 2026, Business Relief is capped at 100% on up to £1m of qualifying assets, then 50% above, so the outcome depends on the client's wider estate.) Losses on individual holdings can also be claimed.

SEIS — the highest relief, for the earliest-stage risk. SEIS targets brand-new companies and rewards that extra risk with 50% income tax relief on up to £200,000 a year, plus 50% CGT reinvestment relief, tax-free growth and loss relief.

The downside protection point

EIS and SEIS also offer loss relief, which materially cushions the downside. For a 45%-taxpayer, a total loss on an EIS holding can be reduced to a maximum real loss of about 38.5% of the original investment once income tax relief and loss relief are taken together; for SEIS the equivalent figure is about 27.5%. VCTs do not offer income-tax loss relief — their risk is spread across a diversified portfolio instead.

Frequently asked

Can a client use more than one in the same year?

Yes — subject to each scheme's own annual limit and the client's income tax liability, VCT, EIS and SEIS can be used alongside one another.

Which gives the most relief?

On upfront income tax relief, SEIS (50%) is highest, then EIS (30%), then VCT (20%). But upfront relief is only part of the picture — dividends, CGT treatment, loss relief and holding periods all differ, so suitability depends on the client's objectives, not just the headline rate.

Are the reliefs guaranteed?

No. All are subject to the investor and the investment meeting HMRC conditions and the minimum holding periods, and tax treatment depends on individual circumstances and can change.

How RAM Capital helps

RAM Capital Partners is a specialist distributor of VCT, EIS and SEIS investments to UK financial advisers. Our Adviser Fund Centre gives you a curated range of offers with full literature, an interactive tax-relief calculator covering all three schemes, CPD, and suitability support — so you can compare the options and document your advice in one place. Our distribution desk can help with product selection, due diligence and research, and introduce you to the managers running the funds your clients invest in.

For professional financial advisers only — not a financial promotion to retail clients. General information, not tax or investment advice. VCT, EIS and SEIS investments place capital at risk and are illiquid; tax reliefs depend on individual circumstances and may change.

Legal & Compliance

Privacy Statement

How RAM Capital Partners collects, uses and protects the personal information we hold about you.

Our Commitment to Your Privacy

RAM Capital is committed to safeguarding the data that we hold about you or your business. How we use the information that we have recorded for you is set out below. Please note that by visiting the RAM Capital website, you are accepting the practices described in this notice.

The RAM Capital privacy policy may change periodically to keep up to date with market and regulatory changes. The current version was implemented on 3rd May 2018.

Information Held by RAM Capital

When you visit our website, we may collect information that helps us understand how visitors navigate the site and make relevant changes to it. This information does not allow us to trace the specific identity of a website visitor.

What personal information do we collect? We may collect information such as name, job title, company name, postal address and e-mail address. We do not collect or store any information relating to non-business contacts.

How Do We Use Your Personal Information?

We will use information that you provide to fulfil requests for product information and to ensure that you are kept advised of any material changes to such products such as a new issue or an imminent closure and/or related products or services that you have requested from us.

Legitimate Business Interests

We may also store your personal information for legitimate business interest. This includes some or all of the following:

To provide postal communications which we think will be of interest to you
To provide email communications which we think will be of interest to you
To provide opportunities to meet with relevant fund managers or to hear about new investment ideas
To determine the effectiveness of our promotional campaigns

We will NOT disclose, pass on or sell your data to any third party – the only exception is where we use the services of another organisation such as for the fulfilment of our email marketing newsletters.

Access

You have the right to request details of the information that we hold about you by calling 020 3006 7530 or emailing taxsolutions@ramcapital.co.uk. You may ask us to correct or remove information you think is inaccurate.

← Back to Adviser Fund Centre