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Key Risks

Estimated reading time: 2 mins

Due to the potential for losses, the Financial Conduct Authority (FCA) considers this investment to be high risk.

If you are interested in learning more about how to protect yourself, visit the FCA’s website:
https://www.fca.org.uk/investsmart

What are the key risks?

You could lose all the money you invest.
If a business you invest in through this product fails, you are likely to lose 100% of the money you invested in that business.

You won’t get your money back quickly.
This product invests in equity issued by unlisted companies and so is an illiquid product. There is no guarantee that you will be able to sell or withdraw your investment early.

You are unlikely to be protected if something goes wrong.
Protection from the Financial Services Compensation Scheme (FSCS), in relation to claims against failed regulated firms, does not cover poor investment performance. You can check FSCS investment protection here:
https://www.fscs.org.uk/check/investment-protection-checker/

Protection from the Financial Ombudsman Service (FOS) does not cover poor investment performance. If you have a complaint against an FCA-regulated firm, FOS may be able to consider it. Learn more about FOS protection here:
https://www.financial-ombudsman.org.uk/consumers

Don’t put all your eggs in one basket.
Putting all your money into a single business or type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments:
https://www.fca.org.uk/investsmart/5-questions-ask-you-invest

Tax advantages not guaranteed.
Whilst it is Calculus’ intention to invest in companies qualifying under EIS, VCT or BR legislation, Calculus cannot guarantee that all investments will attract tax relief or, if they do initially, that they will continue to do so throughout the life of the investment. The tax advantages of investing in the product are therefore not guaranteed.

The value of your investment can be reduced.
The percentage of the businesses that you own through this product will decrease if the businesses issue more shares. This could mean that the value of your investment reduces, depending on how much the businesses grow. The businesses you invest in through this product are expected to issue multiple rounds of shares.

If you are interested in learning more about how to protect yourself, visit the FCA’s website.

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund, Calculus KI EIS Fund, Calculus VCT or Calculus ITS.

An investment into the Calculus EIS Fund, Calculus KI EIS Fund, Calculus VCT or Calculus ITS may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS, VCT or Inheritance Tax (Business Relief) Solution unless you can afford to lose some or all of your capital.

An EIS, VCT or Inheritance Tax (Business Relief) Solution investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within two years for the Inheritance Tax (Business Relief) Solution, three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

I have read and understood this important information

Important Information

The investments referred to in this website are not suitable for all investors. Calculus Capital Limited is not able to give advice to prospective investors about the suitability of the investments. Prospective investors are recommended to seek specialist tax and financial advice before investing in the Calculus EIS Fund, Calculus KI EIS Fund, Calculus VCT or Calculus ITS.

An investment into the Calculus EIS Fund, Calculus KI EIS Fund, Calculus VCT or Calculus ITS may only be made on the basis of reading in full the information set out in the relevant Information Memorandum or prospectus.

When investing, your capital is at risk. The value of shares and income from them may go down as well as up and despite the tax relief you may not recover the amount originally invested. An investment in smaller and unquoted companies carries a higher risk than many other forms of investment. Shares in unquoted companies are not readily marketable. You should not invest in an EIS, VCT or Inheritance Tax (Business Relief) Solution unless you can afford to lose some or all of your capital.

An EIS, VCT or Inheritance Tax (Business Relief) Solution investment is only appropriate for investors with a medium to long term investment horizon; the timing and extent of realisation cannot be predicted and may extend beyond five years. It is not possible to allow a partial withdrawal of your investment. You may request a total withdrawal, but since many investments made will be in unquoted companies, this may not be possible. Withdrawal within two years for the Inheritance Tax (Business Relief) Solution, three years for the EIS and five years for the VCT would lead to repayment of any tax reliefs received.

The tax benefits available depend upon your individual circumstances and these benefits may change dependent upon future legislation.

I have read and understood this important information