What is the Enterprise Investment Scheme (EIS)?
The Enterprise Investment Scheme is a UK Government scheme which provides certain tax reliefs to private investors who invest into EIS qualifying, growing British companies, provided the investment is held for a minimum of three years.
Why the WHIreland Discretionary EIS Portfolio?
An evergreen, Discretionary EIS Portfolio giving each investor a portfolio of a minimum of 4 EIS qualifying investments.
Invests in UK growth companies quoted on AIM.
Experienced AIM EIS Portfolio Manager supported by specialist research team.
Continual portfolio monitoring to ensure companies retain 'qualifying status' for EIS purposes and to assess ongoing financial performance.
Reviewed by MICAP (an independent, well-established company providing an analysis of offerings for IFAs).
Ability to defer capital gains for up to three years.
Losses generated over and above the initial tax relief can be used to reduce income tax.
Who could benefit from EIS? Benefits at a glance
|Inheritance Tax (IHT)|
|Providing the investment is still held upon death, the portfolio should be IHT free after just 2 years. The portfolio can be held after the life of the EIS finishes.|
|Income tax relief|
|An EIS can be used to claim up to 30% income tax relief in a current or previous tax year, providing the investment is held for at least three years - the required minimum holding period.|
|Capital Gains Tax (CGT)|
CGT liability can be deferred under EIS following the sale of shares or liability. All capital gains made from EIS investments are tax free - when held for the minimum three year holding period.
The EIS offers an alternative way to invest tax efficiently for retirement for those reaching their Lifetime Allowance and complementing their pension investments.
Income tax relief can be used to offset the tax paid on pension income post retirement.
To learn more call us on 0800 877 8866