VCT Tax Relief Cut to 20%: What It Means for Investors and Smaller Companies
From 6 April 2026, the upfront Income Tax relief on new Venture Capital Trust (VCT) shares fell from 30% to 20%. VCT dividends are still generally tax-free and gains remain exempt from Capital Gains Tax. At the same time, the amount most qualifying companies can raise from VCTs each year has doubled from £5 million to £10 million.
Cash or Consequences? The 2027 Cash ISA Changes Explained
From 6 April 2027, people under 65 can pay only £12,000 a year into a Cash ISA. The overall ISA allowance stays at £20,000, so anyone under 65 who wants to use it in full will need to put at least £8,000 into a Stocks & Shares ISA. Interest on cash held inside investment ISAs will also face a new 22% charge, and existing Cash ISAs don’t need to be moved.