Venture capital trusts are not suitable for all investors. If you are in any doubt about the suitability of an investment in ProVen VCT you should consult an authorised Independent Financial Adviser. The sale of VCT shares within 5 years will result in the loss of the initial tax relief, so an investment in a VCT should be considered a long-term investment. The value of shares in a VCT may fluctuate and you may not get back the amount you invested. There is no certainty as to the level of dividends. You may have difficulty selling your shares and any sale is likely to be at a discount to the net asset value. VCTs invest in a portfolio of small companies, which by their nature carry greater risk than larger, quoted companies.
The tax reliefs available are dependent on ProVen VCT maintaining its status as a VCT. A failure to meet the qualifying requirements could result in adverse tax consequences to investors, including a requirement to repay the income tax relief obtained. Investors must retain their shares for the minimum period required to retain their initial tax relief. The tax rules and regulations governing VCTs are subject to change.
The past performance of Beringea LLP as a fund manager is no guide to the future performance of its VCTs.
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