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;


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 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
Foresight 4 VCT £3,000 5.5% 0%
(SAVE 5.5%)
See point 1 below
0.5% Prospectus, 
KID & Application Form
April 2018
Hargreave Hale AIM VCT 1 £5,000 3.5% 1.5%
(SAVE 2%)
See point 2 below
0% Prospectus 
& Application


January 2019
Pembroke VCT £3,000 5.5% 2.5%
(SAVE 3%)
0.5% Prospectus, KID & Application June 2018
Puma VCT 13 £5,000 3% 2%
(SAVE 1%)
0.35% Prospectus,
KID & Application Form
April 2018

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


1 - 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.

2 - Hargreave Hale - Includes as Early Bird discount of 1% for applications received by March 15th 2018.

* 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 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.