Hargreaves Lansdown has expanded its Venture Capital Trust (VCT) service by adding three managers to its digital platform and waiving the normal £29 dealing fee on VCT purchases over the tax year end, the company said in a press release.
The upgrade follows investment in platform technology aimed at supporting a wider VCT range as part of HL’s digital transformation and its Advanced Investing proposition. The provider said its VCT service offers a fully digital application and lets clients buy, hold and sell VCTs in one place.
The three new managers joining the HL Platform are Gresham House, Molten Ventures and Canaccord Genuity. HL is making six new VCTs available this month: Baronsmead Venture Trust; Baronsmead Second Venture Trust; Gresham House Income & Growth VCT; Gresham House Income & Growth 2 VCT; Molten Ventures VCT; and Hargreave Hale AIM VCT.
"We're delighted to welcome Gresham House, Molten Ventures and Canaccord Genuity to the HL VCT service," Emma Wall, Chief Investment Strategist, Hargreaves Lansdown, said.
HL said it now offers 13 VCT managers on its digital platform and has raised money for 22 VCTs during the 2025/26 tax year. The company said clients investing through HL receive a full refund of any commission payable in the form of additional bonus shares—up to 0.65% in additional shares each year, alongside discounted initial fees and no charge to buy VCTs this tax year and at the start of the next tax year.
The company noted VCT income tax relief will reduce from 30% to 20% at the end of the current tax year, and that deadlines to invest this tax year vary between VCTs, advising clients to check individual VCT deadlines.
The recap
- HL adds three VCT managers to its platform.
- HL waives the £29 dealing fee for VCT purchases.
- VCT income tax relief drops from 30% to 20%.