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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.

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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.

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