Venture Capital Trusts


Cavendish Online charges a one-off fee of £35 to set up your VCT. We will request the VCT company to re-invest ALL available commission back into your plan or rebate it back to you. 
The usual commission paid to an IFA is between 2-3%. Cavendish Online request that this commission is re-invested leaving you with a lot more money within the product.

Before you consider investing in a VCT please do make sure that it is a suitable investment for yourself by reading the relevant Propsectus and KID and also read the 'VCT risks' section at the bottom of this page.


How to Apply

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

1. Completed Application Form (see table below).

2. Client Declaration

3. Money Laundering information (Click here for more details).

4. Our fee of £35 (cheque payable to Cavendish Online Ltd or Pay Online)

Please note: If you apply for 3 or more VCTs at the same time (i.e. if we receive them in the same envelope) we will cap our fee at £100 for these applications.

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 / Product Minimum Investment Standard Initial Commission
(*)
Cavendish Initial Commission
(**)
100% Trail Commission Refund
(***)
Forms Expected Closing Date
Albion VCT  £5,000 5.5% 3%
(SAVE 2.5%)
See point 1 below
0.4% Prospectus
KID Application Form
Apr 2020
Amati Aim VCT  £4,000 3% 1%
(SAVE 2%)
See point 2 below
0.375% Prospectus
KID & Application Form
Apr 2020
British Smaller Companies VCT £0,000 0% 0%
(SAVE 0%)
See point 3 below
0% Prospectus, 
KID & Application Form
Closed
Calculus VCT £5,000 5%

3%
(SAVE 2%)
See point 4 below

0.5% Prospectus
KID Application Form
Apr 2020
Downing One VCT £5,000 4.5% 2%
(SAVE 2.5%)
See point 5 below
0.25% Prospectus
KID Application Form
Apr 2020
Downing Four VCT - Generalist £5,000 5% 3%
(SAVE 2%)
See point 6 below
0.25% Prospectus
KID Application Form
Apr 2020
Downing Four VCT - Healthcare £5,000 5% 3%
(SAVE 2%)
See point 7 below
0.25% Prospectus
KID Application Form
Apr 2020
Draper Esprit VCT £6,000 5.5% 3%
(SAVE 2.5%)
See point 8 below
0.25% Prospectus
KID Application Form
May 2020

Maven VCT - Income and Growth VCT 3 &4

£5,000 5.5% 3%
(SAVE 2.5%)
See point 9 below
0.5% Prospectus
KID 3, KID4Application Form
Apr 2020
Mobeus VCTS £6,000 3% 2.5%
(SAVE 0.5%)
See point 10 below
0.375% Prospectus
KID (Income & Growth),KID (Income & Growth 2), KID (Income & Growth 4) KID (The Income & Growth VCT)    Application Form
Jan 2020
Octopus - AIM VCT's £5,000 5.5% 3%
(SAVE 2.5%)
See point 11 below
0.5% Prospectus
KID AIM1, KID AIM2 & Application Form
Apr 2020
Octopus - Apollo VCT £5,000 5.5% 3%
(SAVE 2.5%)
See point 12 below
0.5% Prospectus
KID Application Form
Apr 2020
Octopus - Titan VCT £3,000 5.5% 3%
(SAVE 2.5%)
See point 13 below
0.5% Prospectus
KID & Application Form
April 2020
Pembroke VCT £3,000 3.5% 1.75%
(SAVE 1.75%)
See point 14 below
0.375% Prospectus
KID & Application Form
April 2020
Proven VCT - Closed £0,000 0.0% 0%
(SAVE 0.0%)
See point 15 below
0.0% Prospectus, 
KID & Application Form
Closed 
Puma Alpha VCT £5,000  4%  3%
(SAVE 1%)
See point 16 below
0.35% Prospectus
KID Application Form
Jun 2020
Seneca Growth VCT £5,000 5.5% 3%
(SAVE 2.5%)
See point 17 below
0.0% Prospectus
KID Application Form
Apr 2020
Triple Point 2011 VCT £3,000 5.5% 2.5%
(SAVE 3%)
See point 18 below
0.5% Prospectus
KID & Application Form
Apr 2020

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

 


1 - Albion VCT - Initial Commission waived is 2.5%. 

2 -Amati Aim VCT - Initial Commission waived is 2%

3 - British Smaller Companies VCT - Closed

4- Calculus VCT -Initial Commission waived is 2% - 

5 - Downing One VCT - Initial Commission waived is 2.5%. Also can include an Early Bird discount of 1.5% for applications received by December 13th 2019. 

6 - Downing Generalist - Initial Commission waived is 2%

7 - Downing Healthcare- Initial Commission waived is 2%

8 - DraperEsprit VCT -Initial Commission waived is 2.5% - Also can include an Early Bird discount of 1.5% for applications received by December 16th 2019 & 1% for applications received by January 31st 2020

9 - Maven Income & Growth VCT - Initial Commission waived is 3% Also can include an Early Bird discount of 1.5% for existing holders with applications received by January 24th 2020. For New Investors, there is an Early Bird discount of 1.25% for new investors who applications received by January 24th 2020

10 - Mobeus VCTS -  Initial Commission waived is 0.5%

11 - Octopus AIM VCT's - Initial Commission waived is 2.5%. In addition, there is a 1% discount for existing holders.

12 - Octopus Apollo VCT - Initial Commission waived is 2.5%. In addition, there is a 1% discount for existing holders.

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

14 - Pembroke VCT -  Initial Commission waived is 1%. Also can include an Early Bird discount of 0.75% for applications received by December 18th 2019.

15- Proven VCT - Closed

16 - Puma Alpha VCT - Initial Commission waived is 1%.  

17 - Seneca Growth VCT - Initial Commission waived is 2.5%

18 - Triple point  2011 VCT - Initial Commission waived is 3%.  here is a 1% discount for existing holders. Also can include an Early Bird discount of 0.75% for applications received by 31 December 2019 or on the first £5m raised whichever is reached first.

* This shows the maximum initial commission 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 for investing in the VCT via Cavendish Online. The 'Saving' figure in brackets identifies any commission available to reinvest or rebate as well as any Early Bird or Existing Holder discounts. Further details on the saving are shown in the points at the bottom of the table.

*** 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.

VCT risks
While Cavendish Online cannot advise you whether or not to invest in a VCT we think it is sensible that you are aware of the possible risks.

  • VCTs should be considered as higher risk products than typical investment products such as funds (unit trusts/OEICs).
  • Please make sure that you have read and understood the VCT brochure and KID before applying.
  • VCTs are not short term investments and you should consider holding them for at least 5 years.
  • If you are in any doubt about applying you should either not proceed with the application, or you should consult a financial adviser. Cavendish Online cannot provide any investment advice.