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Venture Capital Trusts (VCTs) are high-risk investments and you may get back less than invested.

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","contentType":null,"key":"94cdc483-7832-491b-9450-b1b126bbb866","id":3041,"name":"First Modal","urlSegment":"first-modal","sortOrder":0,"level":3,"path":"-1,3039,3040,3041","creatorId":-1,"createDate":"2024-03-13T10:55:08Z","writerId":2,"updateDate":"2025-05-16T09:22:26.523Z","cultures":{"":{"culture":"","name":"First Modal","urlSegment":"first-modal","date":"2024-03-13T10:55:08Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null}],"properties":null}],"properties":null},"children":[{"body":"

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

","notes":"","title":"","contentType":null,"key":"e3d0402d-d19e-40a9-aa67-f4d859c9f63d","id":5283,"name":"3. Value of your investments","urlSegment":"3-value-of-your-investments","sortOrder":1,"level":3,"path":"-1,3039,5282,5283","creatorId":-1,"createDate":"2024-11-13T17:21:02Z","writerId":-1,"updateDate":"2024-11-19T13:53:57.087Z","cultures":{"":{"culture":"","name":"3. Value of your investments","urlSegment":"3-value-of-your-investments","date":"2024-11-13T17:21:02Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The specific securities identified and described are for informational purposes only and do not represent recommendations.

","notes":"","title":"","contentType":null,"key":"a61b2ca9-4e47-45c0-9f88-b37bd14c50ad","id":5284,"name":"9. Specific securities","urlSegment":"9-specific-securities","sortOrder":2,"level":3,"path":"-1,3039,5282,5284","creatorId":-1,"createDate":"2024-11-14T10:25:23Z","writerId":-1,"updateDate":"2024-11-19T13:53:57.29Z","cultures":{"":{"culture":"","name":"9. Specific securities","urlSegment":"9-specific-securities","date":"2024-11-14T10:25:23Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

SIPPs are not suitable for everyone as they may be more expensive than other types of pensions. They may not be right for you if you don’t want to invest across different asset classes or don’t think you will make use of the investment choices available to you. The Best SIPP is designed for people looking to invest at least £10,000 through any combination of one-off investments, regular contributions or transfers from other providers, over a short time frame.

","notes":"","title":"","contentType":null,"key":"7e27a9a5-560f-43ff-9a3d-2aae0cbfff00","id":5287,"name":"16. Sipps","urlSegment":"16-sipps","sortOrder":5,"level":3,"path":"-1,3039,5282,5287","creatorId":-1,"createDate":"2024-11-15T16:22:15Z","writerId":-1,"updateDate":"2025-02-03T10:55:30.657Z","cultures":{"":{"culture":"","name":"16. Sipps","urlSegment":"16-sipps","date":"2024-11-15T16:22:15Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Transfer considerations. Transfers should only be considered for pensions which do not offer any guaranteed or safeguarded benefits - not final salary or defined benefit schemes or pensions that offer particular annuity rates and other promises. You should ensure that by transferring you are not incurring unnecessary penalties, losing any benefits or features, and have considered any increase in pension charges.

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The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

\n

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

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As with all stock market investments the value of the Junior ISA can fall as well as rise and you may get back less than has been paid in.

Tax treatment depends on individual circumstances and may be subject to change in the future.

","notes":"","title":"","contentType":null,"key":"fa64cf3c-e687-4f61-87b3-f188807207f2","id":5290,"name":"10. Tax Treatment","urlSegment":"10-tax-treatment","sortOrder":8,"level":3,"path":"-1,3039,5282,5290","creatorId":-1,"createDate":"2024-11-18T16:38:18Z","writerId":-1,"updateDate":"2024-11-20T11:03:26.263Z","cultures":{"":{"culture":"","name":"10. Tax Treatment","urlSegment":"10-tax-treatment","date":"2024-11-18T16:38:18Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

With pension investment, both the money you invest and the income from it can fall in value.

Before transferring, see Transfer considerations.

","notes":"","title":"","contentType":null,"key":"182a7def-408b-4b58-b58d-1119ee33249a","id":5291,"name":"14. Pension investment","urlSegment":"14-pension-investment","sortOrder":9,"level":3,"path":"-1,3039,5282,5291","creatorId":-1,"createDate":"2024-11-18T16:43:21Z","writerId":-1,"updateDate":"2024-11-20T16:47:16.907Z","cultures":{"":{"culture":"","name":"14. Pension investment","urlSegment":"14-pension-investment","date":"2024-11-18T16:43:21Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The value of investments can fall as well as rise and that you may not get back the amount you originally invested.

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Nothing in these briefings is intended to constitute advice or a recommendation and you should not take any investment decision based on their content.

\n

Any opinions expressed may change or have already changed.

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Past performance is not a reliable indicator of future results. View full risk warning.

","notes":"","title":"","contentType":null,"key":"6d90fc31-9d2a-43ea-be14-cbb782b0d88c","id":5293,"name":"6. Full risk link","urlSegment":"6-full-risk-link","sortOrder":11,"level":3,"path":"-1,3039,5282,5293","creatorId":-1,"createDate":"2024-11-19T14:50:00Z","writerId":-1,"updateDate":"2025-03-04T14:44:19.81Z","cultures":{"":{"culture":"","name":"6. Full risk link","urlSegment":"6-full-risk-link","date":"2024-11-19T14:50:00Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Before transferring, see Transfer considerations.

","notes":"","title":"","contentType":null,"key":"b0f77c3b-ed35-490e-a324-94a0929c4e63","id":5314,"name":"1. Transfer notice","urlSegment":"1-transfer-notice","sortOrder":12,"level":3,"path":"-1,3039,5282,5314","creatorId":-1,"createDate":"2024-11-20T12:26:52Z","writerId":-1,"updateDate":"2024-11-20T12:27:04.63Z","cultures":{"":{"culture":"","name":"1. Transfer notice","urlSegment":"1-transfer-notice","date":"2024-11-20T12:26:52Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

","notes":"","title":"","contentType":null,"key":"694047db-9565-48fe-89cb-948cb96431fa","id":5455,"name":"27. Tax","urlSegment":"27-tax","sortOrder":13,"level":3,"path":"-1,3039,5282,5455","creatorId":2,"createDate":"2024-11-27T11:18:40Z","writerId":2,"updateDate":"2025-07-01T11:37:26.693Z","cultures":{"":{"culture":"","name":"27. Tax","urlSegment":"27-tax","date":"2024-11-27T11:18:40Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

Past performance is not a reliable indicator of future results.

","notes":"","title":"","contentType":null,"key":"f35cccc3-3f25-4d90-91b6-99fb42900bc2","id":5317,"name":"7. Value and past performance","urlSegment":"7-value-and-past-performance","sortOrder":14,"level":3,"path":"-1,3039,5282,5317","creatorId":-1,"createDate":"2024-11-28T14:29:54Z","writerId":-1,"updateDate":"2024-11-28T14:36:48.963Z","cultures":{"":{"culture":"","name":"7. Value and past performance","urlSegment":"7-value-and-past-performance","date":"2024-11-28T14:29:54Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

ETFs can be high risk and complex and may not be suitable for retail investors, so you should make sure you understand all the risks involved before investing.

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

","notes":"","title":"","contentType":null,"key":"73a17ba9-7ad5-4df2-850b-fff501a51c8c","id":5318,"name":"8. EFTs","urlSegment":"8-efts","sortOrder":15,"level":3,"path":"-1,3039,5282,5318","creatorId":-1,"createDate":"2024-11-28T14:36:17Z","writerId":-1,"updateDate":"2024-11-28T14:36:28.907Z","cultures":{"":{"culture":"","name":"8. EFTs","urlSegment":"8-efts","date":"2024-11-28T14:36:17Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The value of a pension can go down as well as up – and you could get less than the amount that's been put in.

You should consider charges, investment choices and any valuable benefits that could be lost before combining any pensions.

","notes":"","title":"","contentType":null,"key":"7dab519a-3e14-40d9-9ed3-cc10011cb115","id":5319,"name":"19. Pension value charges","urlSegment":"19-pension-value-charges","sortOrder":16,"level":3,"path":"-1,3039,5282,5319","creatorId":-1,"createDate":"2024-11-29T16:33:55Z","writerId":-1,"updateDate":"2024-11-29T16:34:14.5Z","cultures":{"":{"culture":"","name":"19. Pension value charges","urlSegment":"19-pension-value-charges","date":"2024-11-29T16:33:55Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The decision to access your pension is an important one and will affect your income and possibly your standard of living for years to come.

Therefore we recommend that before any decision is made you receive regulated financial advice or get free guidance from Pension Wise.

","notes":"","title":"","contentType":null,"key":"a9013543-ad91-48f8-a8b2-9d8263a1f460","id":5320,"name":"23. Pension access","urlSegment":"23-pension-access","sortOrder":17,"level":3,"path":"-1,3039,5282,5320","creatorId":-1,"createDate":"2024-11-29T16:48:05Z","writerId":-1,"updateDate":"2024-11-29T16:52:06.157Z","cultures":{"":{"culture":"","name":"23. Pension access","urlSegment":"23-pension-access","date":"2024-11-29T16:48:05Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Pensions are long-term investments. You may get back less than you originally paid in because your capital is not guaranteed and charges may apply.

","notes":"","title":"","contentType":null,"key":"fa9a27d7-45d7-4318-b03a-41ad577dadd8","id":5321,"name":"21. Long term","urlSegment":"21-long-term","sortOrder":18,"level":3,"path":"-1,3039,5282,5321","creatorId":-1,"createDate":"2024-11-29T16:56:27Z","writerId":-1,"updateDate":"2024-11-29T16:56:37.853Z","cultures":{"":{"culture":"","name":"21. Long term","urlSegment":"21-long-term","date":"2024-11-29T16:56:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Income drawdown is complex and not suitable for everyone. Your pension remains invested so your income will be affected by the value and performance of underlying assets which may fall; make sure you understand the risks and costs before you go ahead.

","notes":"","title":"","contentType":null,"key":"65982c9d-78b6-4d4d-96d5-47fc3591ea1c","id":5322,"name":"22. Income drawdown","urlSegment":"22-income-drawdown","sortOrder":19,"level":3,"path":"-1,3039,5282,5322","creatorId":-1,"createDate":"2024-11-29T16:57:54Z","writerId":-1,"updateDate":"2024-11-29T16:58:02.393Z","cultures":{"":{"culture":"","name":"22. Income drawdown","urlSegment":"22-income-drawdown","date":"2024-11-29T16:57:54Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

SIPPs are not suitable for everyone as they may be more expensive than other types of pensions. They may not be right for you if you don’t want to invest across different asset classes or don’t think you will make use of the investment choices available to you.

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

","notes":"","title":"","contentType":null,"key":"257e6f89-6aca-4b03-9dc2-69837bc31fa0","id":5325,"name":"24. Sipps and Tax","urlSegment":"24-sipps-and-tax","sortOrder":20,"level":3,"path":"-1,3039,5282,5325","creatorId":-1,"createDate":"2024-12-02T16:45:45Z","writerId":-1,"updateDate":"2024-12-02T16:45:55.48Z","cultures":{"":{"culture":"","name":"24. Sipps and Tax","urlSegment":"24-sipps-and-tax","date":"2024-12-02T16:45:45Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

VCTs are higher-risk investments designed for UK resident taxpayers with an investment time horizon of greater than 5 years, which is the minimum holding period to qualify for income tax relief.

Tax reliefs depend on individual circumstances and may change. They may be difficult to sell at a price close to the value of the underlying assets or at the time of your choosing. They should only form a small part of an investor’s portfolio.

You should read the relevant prospectus before making any decisions.

","notes":"","title":"","contentType":null,"key":"0201346e-2bfc-4167-9914-0af6dfcb1bab","id":5326,"name":"26. VCTs","urlSegment":"26-vcts","sortOrder":21,"level":3,"path":"-1,3039,5282,5326","creatorId":-1,"createDate":"2024-12-03T17:03:19Z","writerId":-1,"updateDate":"2024-12-03T17:03:49.053Z","cultures":{"":{"culture":"","name":"26. VCTs","urlSegment":"26-vcts","date":"2024-12-03T17:03:19Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The information and guidance provided by the coaches is not regulated by the Financial Conduct Authority.

","notes":"","title":"","contentType":null,"key":"e427eb8c-de84-4e4f-81f7-8be7d22376fc","id":5331,"name":"28. Coaches","urlSegment":"28-coaches","sortOrder":22,"level":3,"path":"-1,3039,5282,5331","creatorId":-1,"createDate":"2024-12-09T11:45:13Z","writerId":-1,"updateDate":"2024-12-09T11:45:23.713Z","cultures":{"":{"culture":"","name":"28. Coaches","urlSegment":"28-coaches","date":"2024-12-09T11:45:13Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

VCTs are higher-risk investments designed for UK resident taxpayers with an investment time horizon of greater than 5 years, which is the minimum holding period to qualify for income tax relief. The value of investments can fall as well as rise and you may get back less than invested.

\n

VCTs should only be considered by experienced investors once other financial planning solutions have been fully explored and should only form a small part of your portfolio.

","notes":"","title":"","contentType":null,"key":"711a2a6a-bfec-480a-8a1c-cb094abe958d","id":5390,"name":"30. VCTs 04/03/25","urlSegment":"30-vcts-040325","sortOrder":24,"level":3,"path":"-1,3039,5282,5390","creatorId":-1,"createDate":"2025-03-04T10:01:27Z","writerId":-1,"updateDate":"2025-03-04T10:02:09.007Z","cultures":{"":{"culture":"","name":"30. VCTs 04/03/25","urlSegment":"30-vcts-040325","date":"2025-03-04T10:01:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

With pension investment, both the money you invest and the income from it can fall in value.

","notes":"","title":"","contentType":null,"key":"37cf1af8-30e7-4587-b9a6-995343f0104d","id":5456,"name":"14. Pension investment (1)","urlSegment":"14-pension-investment-1","sortOrder":26,"level":3,"path":"-1,3039,5282,5456","creatorId":-1,"createDate":"2025-06-27T16:02:05Z","writerId":-1,"updateDate":"2025-07-01T14:00:53.357Z","cultures":{"":{"culture":"","name":"14. Pension investment (1)","urlSegment":"14-pension-investment-1","date":"2025-06-27T16:02:05Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null}],"childrenForAllCultures":[{"body":"

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

","notes":"","title":"","contentType":null,"key":"e3d0402d-d19e-40a9-aa67-f4d859c9f63d","id":5283,"name":"3. Value of your investments","urlSegment":"3-value-of-your-investments","sortOrder":1,"level":3,"path":"-1,3039,5282,5283","creatorId":-1,"createDate":"2024-11-13T17:21:02Z","writerId":-1,"updateDate":"2024-11-19T13:53:57.087Z","cultures":{"":{"culture":"","name":"3. Value of your investments","urlSegment":"3-value-of-your-investments","date":"2024-11-13T17:21:02Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The specific securities identified and described are for informational purposes only and do not represent recommendations.

","notes":"","title":"","contentType":null,"key":"a61b2ca9-4e47-45c0-9f88-b37bd14c50ad","id":5284,"name":"9. Specific securities","urlSegment":"9-specific-securities","sortOrder":2,"level":3,"path":"-1,3039,5282,5284","creatorId":-1,"createDate":"2024-11-14T10:25:23Z","writerId":-1,"updateDate":"2024-11-19T13:53:57.29Z","cultures":{"":{"culture":"","name":"9. Specific securities","urlSegment":"9-specific-securities","date":"2024-11-14T10:25:23Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

SIPPs are not suitable for everyone as they may be more expensive than other types of pensions. They may not be right for you if you don’t want to invest across different asset classes or don’t think you will make use of the investment choices available to you. The Best SIPP is designed for people looking to invest at least £10,000 through any combination of one-off investments, regular contributions or transfers from other providers, over a short time frame.

","notes":"","title":"","contentType":null,"key":"7e27a9a5-560f-43ff-9a3d-2aae0cbfff00","id":5287,"name":"16. Sipps","urlSegment":"16-sipps","sortOrder":5,"level":3,"path":"-1,3039,5282,5287","creatorId":-1,"createDate":"2024-11-15T16:22:15Z","writerId":-1,"updateDate":"2025-02-03T10:55:30.657Z","cultures":{"":{"culture":"","name":"16. Sipps","urlSegment":"16-sipps","date":"2024-11-15T16:22:15Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Transfer considerations. Transfers should only be considered for pensions which do not offer any guaranteed or safeguarded benefits - not final salary or defined benefit schemes or pensions that offer particular annuity rates and other promises. You should ensure that by transferring you are not incurring unnecessary penalties, losing any benefits or features, and have considered any increase in pension charges.

","notes":"","title":"","contentType":null,"key":"ef005e57-13ee-4235-b529-6f516f67dff5","id":5288,"name":"15. Transfers","urlSegment":"15-transfers","sortOrder":6,"level":3,"path":"-1,3039,5282,5288","creatorId":-1,"createDate":"2024-11-15T16:30:51Z","writerId":-1,"updateDate":"2024-11-19T13:53:58.383Z","cultures":{"":{"culture":"","name":"15. Transfers","urlSegment":"15-transfers","date":"2024-11-15T16:30:51Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

\n

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

","notes":"","title":"","contentType":null,"key":"cb98df25-73ed-4559-9947-d1b5ca6d169f","id":5289,"name":"4. Value and Tax","urlSegment":"4-value-and-tax","sortOrder":7,"level":3,"path":"-1,3039,5282,5289","creatorId":-1,"createDate":"2024-11-18T12:34:21Z","writerId":-1,"updateDate":"2024-11-27T15:39:16.84Z","cultures":{"":{"culture":"","name":"4. Value and Tax","urlSegment":"4-value-and-tax","date":"2024-11-18T12:34:21Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

As with all stock market investments the value of the Junior ISA can fall as well as rise and you may get back less than has been paid in.

Tax treatment depends on individual circumstances and may be subject to change in the future.

","notes":"","title":"","contentType":null,"key":"fa64cf3c-e687-4f61-87b3-f188807207f2","id":5290,"name":"10. Tax Treatment","urlSegment":"10-tax-treatment","sortOrder":8,"level":3,"path":"-1,3039,5282,5290","creatorId":-1,"createDate":"2024-11-18T16:38:18Z","writerId":-1,"updateDate":"2024-11-20T11:03:26.263Z","cultures":{"":{"culture":"","name":"10. Tax Treatment","urlSegment":"10-tax-treatment","date":"2024-11-18T16:38:18Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

With pension investment, both the money you invest and the income from it can fall in value.

Before transferring, see Transfer considerations.

","notes":"","title":"","contentType":null,"key":"182a7def-408b-4b58-b58d-1119ee33249a","id":5291,"name":"14. Pension investment","urlSegment":"14-pension-investment","sortOrder":9,"level":3,"path":"-1,3039,5282,5291","creatorId":-1,"createDate":"2024-11-18T16:43:21Z","writerId":-1,"updateDate":"2024-11-20T16:47:16.907Z","cultures":{"":{"culture":"","name":"14. Pension investment","urlSegment":"14-pension-investment","date":"2024-11-18T16:43:21Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The value of investments can fall as well as rise and that you may not get back the amount you originally invested.

\n

Nothing in these briefings is intended to constitute advice or a recommendation and you should not take any investment decision based on their content.

\n

Any opinions expressed may change or have already changed.

","notes":"","title":"","contentType":null,"key":"8e5ca4b2-4f3d-4f21-87ef-773fb88b2d56","id":5292,"name":"5. Professional advice","urlSegment":"5-professional-advice","sortOrder":10,"level":3,"path":"-1,3039,5282,5292","creatorId":-1,"createDate":"2024-11-19T14:48:27Z","writerId":-1,"updateDate":"2024-12-27T09:35:39.857Z","cultures":{"":{"culture":"","name":"5. Professional advice","urlSegment":"5-professional-advice","date":"2024-11-19T14:48:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Past performance is not a reliable indicator of future results. View full risk warning.

","notes":"","title":"","contentType":null,"key":"6d90fc31-9d2a-43ea-be14-cbb782b0d88c","id":5293,"name":"6. Full risk link","urlSegment":"6-full-risk-link","sortOrder":11,"level":3,"path":"-1,3039,5282,5293","creatorId":-1,"createDate":"2024-11-19T14:50:00Z","writerId":-1,"updateDate":"2025-03-04T14:44:19.81Z","cultures":{"":{"culture":"","name":"6. Full risk link","urlSegment":"6-full-risk-link","date":"2024-11-19T14:50:00Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Before transferring, see Transfer considerations.

","notes":"","title":"","contentType":null,"key":"b0f77c3b-ed35-490e-a324-94a0929c4e63","id":5314,"name":"1. Transfer notice","urlSegment":"1-transfer-notice","sortOrder":12,"level":3,"path":"-1,3039,5282,5314","creatorId":-1,"createDate":"2024-11-20T12:26:52Z","writerId":-1,"updateDate":"2024-11-20T12:27:04.63Z","cultures":{"":{"culture":"","name":"1. Transfer notice","urlSegment":"1-transfer-notice","date":"2024-11-20T12:26:52Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

","notes":"","title":"","contentType":null,"key":"694047db-9565-48fe-89cb-948cb96431fa","id":5455,"name":"27. Tax","urlSegment":"27-tax","sortOrder":13,"level":3,"path":"-1,3039,5282,5455","creatorId":2,"createDate":"2024-11-27T11:18:40Z","writerId":2,"updateDate":"2025-07-01T11:37:26.693Z","cultures":{"":{"culture":"","name":"27. Tax","urlSegment":"27-tax","date":"2024-11-27T11:18:40Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

Past performance is not a reliable indicator of future results.

","notes":"","title":"","contentType":null,"key":"f35cccc3-3f25-4d90-91b6-99fb42900bc2","id":5317,"name":"7. Value and past performance","urlSegment":"7-value-and-past-performance","sortOrder":14,"level":3,"path":"-1,3039,5282,5317","creatorId":-1,"createDate":"2024-11-28T14:29:54Z","writerId":-1,"updateDate":"2024-11-28T14:36:48.963Z","cultures":{"":{"culture":"","name":"7. Value and past performance","urlSegment":"7-value-and-past-performance","date":"2024-11-28T14:29:54Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

ETFs can be high risk and complex and may not be suitable for retail investors, so you should make sure you understand all the risks involved before investing.

The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.

","notes":"","title":"","contentType":null,"key":"73a17ba9-7ad5-4df2-850b-fff501a51c8c","id":5318,"name":"8. EFTs","urlSegment":"8-efts","sortOrder":15,"level":3,"path":"-1,3039,5282,5318","creatorId":-1,"createDate":"2024-11-28T14:36:17Z","writerId":-1,"updateDate":"2024-11-28T14:36:28.907Z","cultures":{"":{"culture":"","name":"8. EFTs","urlSegment":"8-efts","date":"2024-11-28T14:36:17Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The value of a pension can go down as well as up – and you could get less than the amount that's been put in.

You should consider charges, investment choices and any valuable benefits that could be lost before combining any pensions.

","notes":"","title":"","contentType":null,"key":"7dab519a-3e14-40d9-9ed3-cc10011cb115","id":5319,"name":"19. Pension value charges","urlSegment":"19-pension-value-charges","sortOrder":16,"level":3,"path":"-1,3039,5282,5319","creatorId":-1,"createDate":"2024-11-29T16:33:55Z","writerId":-1,"updateDate":"2024-11-29T16:34:14.5Z","cultures":{"":{"culture":"","name":"19. Pension value charges","urlSegment":"19-pension-value-charges","date":"2024-11-29T16:33:55Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The decision to access your pension is an important one and will affect your income and possibly your standard of living for years to come.

Therefore we recommend that before any decision is made you receive regulated financial advice or get free guidance from Pension Wise.

","notes":"","title":"","contentType":null,"key":"a9013543-ad91-48f8-a8b2-9d8263a1f460","id":5320,"name":"23. Pension access","urlSegment":"23-pension-access","sortOrder":17,"level":3,"path":"-1,3039,5282,5320","creatorId":-1,"createDate":"2024-11-29T16:48:05Z","writerId":-1,"updateDate":"2024-11-29T16:52:06.157Z","cultures":{"":{"culture":"","name":"23. Pension access","urlSegment":"23-pension-access","date":"2024-11-29T16:48:05Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Pensions are long-term investments. You may get back less than you originally paid in because your capital is not guaranteed and charges may apply.

","notes":"","title":"","contentType":null,"key":"fa9a27d7-45d7-4318-b03a-41ad577dadd8","id":5321,"name":"21. Long term","urlSegment":"21-long-term","sortOrder":18,"level":3,"path":"-1,3039,5282,5321","creatorId":-1,"createDate":"2024-11-29T16:56:27Z","writerId":-1,"updateDate":"2024-11-29T16:56:37.853Z","cultures":{"":{"culture":"","name":"21. Long term","urlSegment":"21-long-term","date":"2024-11-29T16:56:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

Income drawdown is complex and not suitable for everyone. Your pension remains invested so your income will be affected by the value and performance of underlying assets which may fall; make sure you understand the risks and costs before you go ahead.

","notes":"","title":"","contentType":null,"key":"65982c9d-78b6-4d4d-96d5-47fc3591ea1c","id":5322,"name":"22. Income drawdown","urlSegment":"22-income-drawdown","sortOrder":19,"level":3,"path":"-1,3039,5282,5322","creatorId":-1,"createDate":"2024-11-29T16:57:54Z","writerId":-1,"updateDate":"2024-11-29T16:58:02.393Z","cultures":{"":{"culture":"","name":"22. Income drawdown","urlSegment":"22-income-drawdown","date":"2024-11-29T16:57:54Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

SIPPs are not suitable for everyone as they may be more expensive than other types of pensions. They may not be right for you if you don’t want to invest across different asset classes or don’t think you will make use of the investment choices available to you.

Tax treatment depends on the individual circumstances of each client and may be subject to change in the future.

","notes":"","title":"","contentType":null,"key":"257e6f89-6aca-4b03-9dc2-69837bc31fa0","id":5325,"name":"24. Sipps and Tax","urlSegment":"24-sipps-and-tax","sortOrder":20,"level":3,"path":"-1,3039,5282,5325","creatorId":-1,"createDate":"2024-12-02T16:45:45Z","writerId":-1,"updateDate":"2024-12-02T16:45:55.48Z","cultures":{"":{"culture":"","name":"24. Sipps and Tax","urlSegment":"24-sipps-and-tax","date":"2024-12-02T16:45:45Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

VCTs are higher-risk investments designed for UK resident taxpayers with an investment time horizon of greater than 5 years, which is the minimum holding period to qualify for income tax relief.

Tax reliefs depend on individual circumstances and may change. They may be difficult to sell at a price close to the value of the underlying assets or at the time of your choosing. They should only form a small part of an investor’s portfolio.

You should read the relevant prospectus before making any decisions.

","notes":"","title":"","contentType":null,"key":"0201346e-2bfc-4167-9914-0af6dfcb1bab","id":5326,"name":"26. VCTs","urlSegment":"26-vcts","sortOrder":21,"level":3,"path":"-1,3039,5282,5326","creatorId":-1,"createDate":"2024-12-03T17:03:19Z","writerId":-1,"updateDate":"2024-12-03T17:03:49.053Z","cultures":{"":{"culture":"","name":"26. VCTs","urlSegment":"26-vcts","date":"2024-12-03T17:03:19Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

The information and guidance provided by the coaches is not regulated by the Financial Conduct Authority.

","notes":"","title":"","contentType":null,"key":"e427eb8c-de84-4e4f-81f7-8be7d22376fc","id":5331,"name":"28. Coaches","urlSegment":"28-coaches","sortOrder":22,"level":3,"path":"-1,3039,5282,5331","creatorId":-1,"createDate":"2024-12-09T11:45:13Z","writerId":-1,"updateDate":"2024-12-09T11:45:23.713Z","cultures":{"":{"culture":"","name":"28. Coaches","urlSegment":"28-coaches","date":"2024-12-09T11:45:13Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

VCTs are higher-risk investments designed for UK resident taxpayers with an investment time horizon of greater than 5 years, which is the minimum holding period to qualify for income tax relief. The value of investments can fall as well as rise and you may get back less than invested.

\n

VCTs should only be considered by experienced investors once other financial planning solutions have been fully explored and should only form a small part of your portfolio.

","notes":"","title":"","contentType":null,"key":"711a2a6a-bfec-480a-8a1c-cb094abe958d","id":5390,"name":"30. VCTs 04/03/25","urlSegment":"30-vcts-040325","sortOrder":24,"level":3,"path":"-1,3039,5282,5390","creatorId":-1,"createDate":"2025-03-04T10:01:27Z","writerId":-1,"updateDate":"2025-03-04T10:02:09.007Z","cultures":{"":{"culture":"","name":"30. VCTs 04/03/25","urlSegment":"30-vcts-040325","date":"2025-03-04T10:01:27Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null},{"body":"

With pension investment, both the money you invest and the income from it can fall in value.

","notes":"","title":"","contentType":null,"key":"37cf1af8-30e7-4587-b9a6-995343f0104d","id":5456,"name":"14. Pension investment (1)","urlSegment":"14-pension-investment-1","sortOrder":26,"level":3,"path":"-1,3039,5282,5456","creatorId":-1,"createDate":"2025-06-27T16:02:05Z","writerId":-1,"updateDate":"2025-07-01T14:00:53.357Z","cultures":{"":{"culture":"","name":"14. Pension investment (1)","urlSegment":"14-pension-investment-1","date":"2025-06-27T16:02:05Z"}},"itemType":2,"children":[],"childrenForAllCultures":[],"properties":null}],"properties":null},"children":[],"childrenForAllCultures":[],"properties":null},"subtitle":"While we do not offer a VCT subscription service, we suggest reading the key risks below before investing in VCTs. Contact us if you would like to better understand how these risks could affect you and your VCT investments. ","title":"What are the risks of VCTs?","contentType":null,"key":"94f9fa8b-fd9e-4fe2-8dd8-980458fe72dd","properties":null},"settings":{"purpleBlockStyle":true,"contentType":null,"key":"6787dd7c-5357-4daf-947d-7d419018c33d","properties":null},"blockType":"smallHeaderBlock"},{"content":{"text":"

What are the risks of VCTs?

\n

The value of VCTs, and any dividends derived from them, can fall to zero.

\n

Venture Capital Trusts (VCTs) are specialist, high-risk investments as they invest in small companies that are more likely to fail.

\n

As you must remain invested for at least five years to keep the tax credit, VCT shares are also long-term investments.

\n

VCTs should only be considered by experienced investors once other financial planning solutions have been fully explored and should only form a small part of your portfolio.

","contentType":null,"key":"a454b9a1-53db-47f4-a758-6fb363a7b89b","properties":null},"settings":{"purpleBlockStyle":true,"contentType":null,"key":"a610bf1f-b8fe-4f9c-ba1f-8f7f5148ab33","properties":null},"blockType":"fullTextBlock"},{"content":{"text":"VCTs can be highly illiquid. Small or young companies can be harder to sell or be unable to realise their shares at levels close to that which reflect the value of the underlying assets ","contentType":null,"key":"67ffa104-0bff-439d-91ef-8a7785566fba","properties":null},"settings":{"purpleBlockStyle":true,"contentType":null,"key":"15103d14-a242-4640-8114-977b1ce302ae","properties":null},"blockType":"quoteBlock"},{"content":{"text":"

You should only subscribe for new VCT shares based on the relevant prospectus and must carefully consider the risk warnings contained in that prospectus.

\n

Venture Capital Trusts invest in a variety of small and growing companies, including unquoted companies and those listed on AIM (the London Stock Exchange’s growth market). It may take 7 to 10 years for the companies to become successful and be sold by the VCT.

\n

New investments made by VCTs must be made into companies that are no more than seven years from making their first commercial sale (or 10 years for ‘knowledge intensive’ companies). Investments in younger companies should be considered much higher risk than investing in businesses with long trading track records and established revenue sources. They are designed for UK resident taxpayers. 

\n

They are long-term investments

\n

VCTs are designed as long-term investments. If you buy VCT shares in a new issue you need to hold them for at least five years to keep your 30% income tax credit – otherwise you will have to pay it back. Investors who cannot remain invested for at least five years should therefore not invest in a VCT.

\n

Their tax treatment depends on the individual circumstances of each individual and may be subject to change in the future.

\n

VCTs can trade at a discount

\n

Venture Capital Trusts are listed on the London Stock Exchange, but as there is little trading on the secondary market all VCT shares trade at discounts to their net asset values. In the past these discounts were often high, but now most VCTs have control mechanisms in place. They usually aim to keep discounts at no more than 5% to net asset value.

\n

Selling your VCT shares

\n

Rather than dealing for yourself online, when it comes to selling VCT shares it is important to go through a stockbroking firm. They will contact a market maker on your behalf and arrange for the shares to be purchased through a buyback. If you trade VCT shares electronically you may end up receiving a price at a large discount to the net asset value.

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