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EIS takes advantage of bagel boom

Sandwich chain Oi Bagel aims to raise £1.3m to fund its expansion by offering shares under an enterprise investment scheme (EIS).

Oi Bagel currently has four branches in London and the company wants to open 10 more outlets in London and nationwide over the next two years. It offers made to order bagels with a wide range of fillings and other freshly made food and drinks including soups, desserts and juices.

With healthy eating a prime concern for many people, there could be a great demand for food and drink that is freshly made rather than pre-packaged.

This EIS may be suitable for adventurous investors who are looking for something a bit different and who would benefit from the tax incentives that come with holding shares in an EIS for at least three years. These benefits are 20 per cent income tax relief, capital gains tax deferral of up to 40 per cent or exemption from capital gains tax where shares are sold after three years and income tax relief is not drawn.

The minimum subscription is £1,000, which would not be beyond the means of many of Oi Bagel&#39s customers who are keen to invest. However, unquoted companies are high risk investments. This EIS concentrates the risk by investing in one company, unlike venture capital trusts that diversify risk across a range of unquoted companies.


Pegasus sees sales soar by 51%

Protection specialist Pegasus achieved a 51 per cent leap in new business last year, with sums assured breaking the £163.4bn mark for the first time. New policies totalled 25,302, up from 16,756 in 1999. The healthcare arm of Scottish Mutual says its success is due mainly to the popularity of its long-term care and critical-illness […]

LIA offers fee-free deal

The LIA is allowing former Prudential, Sun Life Financial of Canada and Britannic salesmen to suspend their membership subscriptions for up to six months following recent redundancies. The LIA is writing to members, confirming they can suspend subscription fees for six months or until they find new employment without affecting their membership. Up to 5,000 […]

Correlation conundrum

Before we move on to the fourth in this short series on investments in the main asset classes – property – let us draw breath and review the correlation between the classes we have looked at and discuss a little further the measurement and the concept of correlation. Before building up the cross-correlations between the […]

The DIY approach

The coming of stakeholder generally, and the 1 per cent annual charge cap in particular, has certainly concentrated pension providers&#39 minds. In the life office camp, there have been a few abstainers but the majority of leading providers have chosen to enter the stakeholder fray. How do they plan to cope with the 1 per […]


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