Octopus Investments launches Secure VCT

Octopus Investments will launch a Secure VCT which it says will cut investors' income tax bill, keep capital secure, and allow a clear exit after five years.

The focus of the new VCT will be investing in companies with highly predictable contractual revenue streams across a range of customers. It will be wound up in 2015, pending investor approval. Guy Myles, managing director of Octopus Investments, says: "Octopus Secure VCT offers income tax relief and, in response to investor demand, we have created a product that also provides a high level of capital security and a fixed opportunity to release capital, and any gains, tax-free after five years. "By offering investors this opportunity to exit after five years we are able to define a targ...