Using the Eureka Portfolio Service
Eureka Enterprise Investment Scheme (EIS)
Eureka is a discretionary portfolio service offering a dynamic solution to individuals looking to defer or reduce their capital gains, income and inheritance tax liabilities whilst also offering the potential for considerable capital growth.
Tax Benefits
EIS structures are one of the least understood investment products in the market but, for the right investors, they are also one of the most compelling. What’s more, the change to capital gains tax rates announced by the Chancellor in October 2007 has made these structures even better for investors. So an investor who has realised a capital gain at 40% over the last three years can now invest in Eureka, knowing that when they come to sell their investment the tax rate on the capital gain originally deferred will have fallen from 40% to 18%. Combined with the 20% income tax relief, this provides investors with the potential for tax relief of 42%.
Personalised Service
Eureka is a discretionary portfolio service and is not a pooled investment or fund. The investments we make on your behalf will be held in your name and the tax reliefs and deferrals are generated as and when your money is invested in qualifying companies (typically invested over a 12-18 month period). You can invest from £50,000 in Eureka and there is no maximum investment (but you will only receive income tax relief on qualifying investments up to £400,000 per tax year).
Potential for High Returns
Eureka will be investing in UK smaller companies, one of the most dynamic and potentially highest return sectors of the market, and a core area of expertise at Octopus. You should remember that past performance of other Octopus products or Octopus fund managers is no guide to future performance and may not be repeated. Investments made by Eureka may be higher risk than investing in shares listed on the London Stock Exchange Official List and may be difficult to realise. The value of your investment could go down as well as up and you may not get back the full amount invested. Tax rules and regulations are subject to change.