Elderstreet VCT top-up

Smith & Williamson Investment Management’s Tax Efficient Solutions has launched a £10m top-up offer in Elderstreet VCT.

It offers new investors immediate exposure to a mature portfolio with the prospect of earlier tax-free realisations than would be the case for a new VCT.

Elderstreet VCT, which was recently ranked No 1 VCT over the preceding 12 months by share price total returns (Trustnet December 2007), is a mature VCT which is now nine years old, having been originally launched in 1998.

Assuming maximum subscription under the current offer and taking into account current cash levels, Elderstreet VCT should have £9.9m to invest.