Finding the next Facebook

Professional investor Ruth Richards tips three venture capital trusts to buy. Not only are they tax efficient, you might just land the next tech giant.

Each week, aprofessional investor tells us where she'd put her money.This week:Ruth Richards of Wealth Club.

Venture capital trusts (VCTs) provide valuable growth capital to small businesses in Britain. When you invest in new shares directly via a fundraising (as opposed to shares already listed on a stock exchange), you receive up to 30% income tax relief. So for every £10,000 you invest you could get up to £3,000 back from the taxman. Dividends (often very generous) are also tax free, as is any capital growth.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up