Venture Capital Trusts


Cavendish Online charges a one-off fee of £35 to set up your VCT and we will re-invest ALL commission back into your plan or rebate it back to you.

The usual commission paid to an IFA is between 2-3%. Cavendish Online re-invests all this commission leaving you with a lot more money within the product.

For more information on moving an existing VCT to start receiving trail commission please click here


How to Apply

Select the VCT from the list below and post the following to us;

  1. Completed application form
  2. Client Declaration
  3. Money Laundering information. Click here for more details.
  4. Fee of £35 (cheque payable to Cavendish Online Ltd or Pay Online)
  5. Please ensure that we receive your application at least one day before the deadline. This will allow us time to process your application and forward it on to the VCT provider.

 Please post the above to us at either of the addresses listed below;


FREEPOST, CAVENDISH ONLINE

or with a stamp to

Cavendish Online, 20 Cathedral Yard, Exeter, EX1 1HB
(you may want to use this address if the deadline for the VCT is within the next week as the FREEPOST service can sometimes take more than one week to reach us)

If you do not see the product you require please email admin@cavendishonline.co.uk or telephone (03456 442544) and our customer services team will send you the relevant form.

Current Products:

Provider / ProductMinimum Investment Standard Initial ChargeCavendish Initial charge*100% Trail Commission Refund*FormsExpected Closing Date
Albion VCT £6,000 2.5% 1.5%
(SAVE 1%)
See point 1 below
0.4% Prospectus & Application Form August 2018
Downing Four VCT -  £5,000 4% 1%
(SAVE 3%) 
See point 2 below 
0.25% Prospectus & Application Form Open until capacity reached
Elderstreet VCT £6,000 5.5% 1%
(SAVE 4.5%)
See point 3 below 
0.25% Prospectus & Application Form Open until capacity reached
Foresight 4 VCT £3,000 5.5% 0%
(SAVE 5.5%)
See point 4 below
0.5% Prospectus & Application Form April 2018
Mobeus VCT £6,000 3.25% 1.5%
(SAVE 1.75%)
See point 5 below
0.375% Prospectus & Application Form April 2018
Northern VCT £6,000 4% 1.75%
(SAVE 2.25%)
0.4% Prospectus & Application Form April 2018
Octopus AIM VCT £5,000 5.5% 2%
(SAVE 3.5%)
See point 6 below
0.5% Prospectus & Application Form June 2018
Octopus Titan VCT £3,000 5.5% 0%
(SAVE 5.5%)
See point 7 below)
0.5% Prospectus & Application Form Sept 2018
Puma VCT 13 £5,000 3% 2%
(SAVE 1%)
0.35% Prospectus & Application Form April 2018
Unicorn AIM VCT £2,000 5.5% 2.0%
(SAVE 3.5%)
See point 8 below
0.375% Prospectus & Application Form Nov 2017

The rates above have been checked with the VCT providers but are subject to change.

 

1- Albion - Includes an Early Bird discount of 1.0% for existing holders or 0.5% for new holders, as long as the application is received by Oct 30th 2017.

2 - Downing - Includes an Early Bird discount of 1.0% for applications received by Jan 19th 2017 or a 0.5% 'Early Bird' discount for applications received between Jan 20th 2017 and March 2nd 2017.

3 - Elderstreet - Includes an Early Bird discount of 2.0% for applications received by Jan 30th 2017 or a 1.5% 'Early Bird' discount for applications received between Jan 31st 2017 and Feb 27th 2017.

4 - Foresight - Includes an Early Bird discount of 2% for applications received by July 28th 2017, reducing to an early bird discount of 1% for applications received between July 29th 2017 and November 29th 2017. In addition there is a 0.5% discount for existing holders of any Foresight VCT's.

5 - Mobeus - Includes an Early Bird discount of 1% for applications received by the earlier of November 2nd 2017 or the first £50m being raised.

6 - Octopus AIM - Includes a 1% loyalty discount for existing holders of any Octopus VCT.

7 - Octopus Titan - Includes a 1% loyalty discount for existing holders of any Octopus VCT and a 2% Early Bird discount for applications received by November 13th 2017.

8 - Unicorn - Includes a 0.5% discount for existing holders of the Unicorn AIM VCT.


* This shows the initial charges you will pay using Cavendish Online compared to going direct. We will take no initial commission and instead charge a one-off fee of £35. With regards to trail commission, if any is payable, you will be entered into our Cashback Service. Cavendish Online will take an annual fee of £10 per VCT and the rest of the commission will be rebated back to you. If you hold the VCT outside of an ISA then we will deduct basic rate income tax from this payment.

Some VCT providers for example will offer a commission structure of 3% initial commission discount and no trail OR 2.5% initial commission discount plus trail. When this happens, Cavendish Online will choose the first option unless clients specify that they would prefer the second option.

The rates above have been checked with the VCT providers but are subject to change.