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Rathbone brings out the EIS tax breaks for investors

The Rathbone EIS portfolio service allows investors to choose from a spread of companies listed on the alternative investment market (Aim), allowing investors access to the tax reliefs available through enterprise investment schemes (EIS). Investors can choose a minimum of 10 companies, with no maximum.

The tax reliefs that can be accessed through an EIS include the deferral of capital gains tax and income tax relief at 20 per cent. Also any money left in an EIS for two years or more will fall outside the investor’s estate and is not liable for inheritance tax.

Some of the companies that can be chosen for investment in the EIS portfolio service include garden centre company Blooms of Bressingham, dental practice company Oasis Healthcare, radio station operator Forward Media and Aero Inventory, which makes small spare parts for the aviation industry.

The Rathbones EIS portfolio service might suit the high-net-worth client who is prepared for a high level of risk as the Aim market is made up of small, unquoted and largely unproven companies.

According to Standard & Poor’s of the eight funds that Rathbones has on the market at the moment, two are first quartile, one is second quartile, two are third quartile and two are fourth quartile, based on £1,000 invested on a bid-to-bid basis with gross income reinvested over one year to November 5, 2001.


FSA pension table goes live

The FSA pension information table has gone live, offering consumers information on personal pension and stakeholder pension products.The table covers the effect of charges and deductions over the lifetime of a pension, the cost of stopping paying early and the number of free switches allowed each year.FSA consumer director Christine Farnish says: “There is no […]

Rathbones – EIS Portfolio Service

Tuesday, November 6, 2001.Aim: Growth by investing in unquoted companies and companies quoted on Aim.Minimum investment: £50,000.Investment split: 100 per cent in unquoted companies and companies quoted on Aim.Income facility: Not available.Charges: Initial 5 per cent, annual 2.25 per cent.Commission: Initial 2 per cent, renewal 0.5 per cent.Tel: 020 7411 4700.

Bank on Foot for deposit regulation

Michael Foot, who was appointed in June 1998, is the long-est-serving managing director at the FSA.Of the three MDs serving at this level, which is second only to chairman Howard Davies in the FSA hierarchy, Foot is the least relevant to the IFA community.While his title has changed marginally since he took up the role, […]

AA unveils telephone advice plans

The AA’s has unveiled details of its plans to offer telephone-based independent financial advice.The AA will offer a retirement planning service which aims to incorporate a detailed evaluation to gauge each customer’s income and tax planning requirements.Business Development Manager for the AA’s IFA Julie Richards says: “We have noticed an increased demand for this type […]

Solving the income puzzle

There is a puzzle at the centre of financial markets. The global economy is growing, there are signs of inflation and interest rates are going up, yet yields remain low. In this article, James Foster, manager of the Artemis Monthly Distribution fund, unpicks this conundrum and looks at where investors can find income. There is […]


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