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.


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 InvestmentStandard Initial Commission
(*)
Cavendish Initial Commission
(**)
100% Trail Commission Refund
(***)
FormsExpected Closing Date
British Smaller Companies VCT's
(Existing Shareholders only until 04/01/19)
£3,000 4.5% 2.0%
(SAVE 2.5%)
See point 1 below
0.5% Prospectus
KID VCT1& KID VCT2Application Form
Apr 2019
Calculus VCT £5,000 5% 2.0%
(SAVE 3%)
See point 2 below
0.5% Prospectus
KID Application Form
Aug 2019
Downing VCT - Generalist £5,000 5% 2.0%
(SAVE 3%)
See point 3 below
0.25% Prospectus
KID Application Form
Jun 19
Downing VCT - Healthcare £5,000 5% 2.0%
(SAVE 3%)
See point 4 below
0.25% Prospectus
KID & Application Form
Jun 19
Foresight 4 VCT £3,000 5.5% 2.0%
(SAVE 3.5%)
See point 5 below
0.5% Prospectus
KID & Application Form
April 2019
Hargeave Hale AIM VCT £5,000 3.5% 2.5%
(SAVE 1%)
See point 6 below
0% Prospectus & Application Form, KID Aug 2019
Maven Income & Growth VCT 1&5 £5,000 7% 1%
(SAVE 6%)
See point 7 below
0.5% Prospectus,
KID (VCT1) &
KID (VCT5)
Application Form
April 2019
Octopus Titan VCT £3,000 5.5% 2.0%
(SAVE 3.5%)
See point 8 below
0.5% Prospectus
KID Application Form
Sep 2019
Pembroke VCT £3,000 3.5% 2.0%
(SAVE 1.5%)
See point 9 below
0.375% Prospectus
KID Application Form
Aug 2019
Puma VCT 13 £5,000 3% 2.0%
(SAVE 1%)
See point 10 below
0.35% Prospectus
KID Application Form
June 2019
Seneca (Hygea VCT) £3,000 5.5% 2.5%
(SAVE 3%)
See point 11 below
0.0% Prospectus
KID & Application Form
April 2019
Triple Point 2011 VCT £3,000 5.5% 2.0%
(SAVE 3.5%)
See point 12 below
0.5% Prospectus
KID Application Form
Aug 2019

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

 

1 - British Smaller Companies - Initial Commission waived is 2%

2- Calculus - Initial Commission waived is 2%.
In addition there is a 0.5% discount for existing holders.
Also includes an Early Bird discount of 0.5% for applications received by February 2nd 2019

3 - Downing Generalist - Initial Commission waived is 2%
Also includes an Early Bird discount of 1% for applications received by 28 December 2018

4 - Downing Healthcare- Initial Commission waived is 2%
Also includes an Early Bird discount of 1% for applications received by 28 December 2018

5 - Foresight - Initial Commission waived is 3%.
In addition there is a 0.5% discount for existing holders.

6 - Hargreave Hale AIM - Initial Commission waived is 1%

7 - Maven Income & Growth - Initial Commision waived is 4.5%.
In addition there is an Early Bird discount with terms as follows;
1.5% Early Bird discount for existing holders for application received by December 18th 2018
OR a 1.25% Early Bird discount for new holders for application received by December 18th 2018

8 - Octopus Titan - Initial Commission waived is 2.5%. 
In addition there is a 1% discount for existing holders.

9 - Pembroke - Initial Commission waived is 1.0%. Also includes an Early Bird discount of 0.5% for applications received by November 30th 2018

10 - Puma VCT 13 - Initial Commission waived is 1%. 

11 - Seneca (Hygea VCT) - Initial Commission waived is 2.5%.
In addition there is a 0.5% discount for existing holders.


12 - Triple point  2011 VCT - Initial Commission waived is 3%. 
Also includes an Early Bird discount of 0.5% for applications received by November 30th 2018. 

Puma VCT 13 

£5,000

3%

1.0%
(SAVE 2%)
See point 4 below

0.35%

Prospectus
KID Application Form

June 2019

* This shows the maximum initial commision that you could pay if you applied directly to the VCT provider or were using an intermediary who retained all initial commission for themselves. This differs from the service that Cavendish Online offer whereby we request the VCT company to reinvest or rebate all initial commission for the benefit of our clients. This figure also assumes that there are no 'Early Bird' or 'Existing shareholder' discounts available. 

** This shows the initial commission you will pay using Cavendish Online. 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 in August. 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.