Use VCTs to cut tax and empower Britain’s promising young companies

Ever wanted to be a dragon backing Britain's brightest entrepreneurs, right at the very early stages when businesses are still finding their way? Well you can, in specialist funds called venture capital trusts (VCT). They come with all sorts of juicy tax breaks to encourage investment, and have been especially popular in recent years as investors seek out new parts of the market amid lacklustre returns from mainstream assets. This week, we find out all about VCTs from expert Nick Britton, from trade body the association of investment companies. SIGN UP AT STEPSTOINVESTING.COM TO RECEIVE NEW MAGAZINE, OUT THIS WEEKEND!!