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.

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. 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 recieve 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
Calculus VCT £5,000 5% 2.0%
(SAVE 3%)
See point 1 below
0.5% Prospectus
KID & Application Form
Aug 2019
Downing VCT - Generalist £5,000 5% 2.0%
(SAVE 3%)
See point 2 below
0.25% Prospectus
KID Application Form
Jun 2019
Downing VCT - Healthcare £5,000 5% 2.0%
(SAVE 3%)
See point 3 below
0.25% Prospectus
KID Application Form
Jun 2019
Octopus - Apollo VCT £5,000 5.5% 2.5%
(SAVE 3%)
See point 4 below
0.5% Prospectus
KID Application Form
July 2019
Pembroke VCT £3,000 3.5% 1%
(SAVE 2.5%)
See point 5 below
0.375% Prospectus
KID Application Form
Aug 2019
Proven VCT £5,000 5.5% 1%
(SAVE 4.5%)
See point 6 below
0.5% Prospectus
KID Application Form
Apr 2019
Triple Point 2011 VCT £3,000 5.5% 2.0%
(SAVE 3.5%)
See point 7 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- 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

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

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

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

5 - Pembroke VCT -  Initial Commission waived is 1%.

6- Proven VCT - Initial Commission waived is 2.5%. Also includes an Early Bird discount of 2% for existing clients for applications received by February 15th, 2019 (for the first 5m received only)

7 - 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. 

* 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 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.

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.