Home Business News Three rapid deployment EIS funds this tax year

Three rapid deployment EIS funds this tax year

3rd Apr 24 8:06 am

Why timing is all important when making Enterprise Investment Scheme (EIS) investments.

Three EIS funds that aim to deploy your money this tax year – 28 March deadlines and how Knowledge Intensive funds can make your life easier – early April deadlines.

Nicholas Hyett, Investment Manager at Wealth Club said, “Enterprise investment Scheme (EIS) qualifying investments can entitle investors to generous tax reliefs – including 30% income tax relief up-front.

However, investors can only claim relief against tax paid in the year in which the investment was made or the immediately preceding year. That makes the timing of investment important, especially for those hoping to put larger sums to work.

With the tax year end rapidly approaching, and EIS funds generally closing even earlier, we’ve highlighted three funds that still aim to deploy investor money in the 2023/24 tax year, as well as highlighting the role Knowledge Intensive funds can play in making the whole investment process simpler.”

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