--- title: PXN Investments - Tax Year End 2026 description: Explore investment opportunities with PXN Investments. Learn about VCT and EIS products, tax reliefs, deadlines, and the application process for financial advisers. image: https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/Screenshot%202026-02-18%20at%2014.51.35.png --- ![PXN Investments](https://landing.pxngroup.co.uk/hubfs/_PXN%20Investments%20Logos/PXN_Investments_Indigo.png) ## For financial advisers only This area of the PXN Investments website is intended solely for UK-based financial advisers, wealth managers and paraplanners at firms authorised by the Financial Conduct Authority. Our products include high-risk investments. Please review the associated risk factors before making any recommendation to a client. You can find these on the relevant product pages and in our risk documentation. PXN Investments does not provide investment, tax or legal advice. I confirm I am a financial adviser I am not a financial adviser **Capital at risk.** Don't invest unless you're prepared to lose all the money you invest. [Take 2 mins to learn more](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#risk-summary) - [Webinars](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#webinars) - [Deadlines](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#deadlines) - [Products](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#products) - [Guides](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#guides) - [Documents](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#resources) - [Illustrations](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#illustrations) - [FAQ](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#faq) [Main site](https://www.pxninvestments.co.uk/) Regulatory Change VCT Income Tax relief reduces from **30% to 20%** from 6 April 2026 following government legislation [View Deadlines →](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#deadlines) Financial advisers only Tax year 2025/26 # Tax Year End Hub 2026 Your single destination for key deadlines, current documents and adviser-ready resources across PXN's VCT and EIS / KI EIS offerings. These are high-risk investments and capital is at risk. [View Deadlines →](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#deadlines) [Access Documents](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#resources) [Deadlines See the next key cut-offs for VCT and KI EIS](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#deadlines) [Documents Jump straight to KI EIS fund documents](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#resources?product=kieis) [Which Product? Compare VCT, EIS, KI EIS and BR options](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#products) Time until tax year end -- Days : -- Hours : -- Mins : -- Secs VCT Early Bird Ends 1 April 2026, 3:00pm Last point for the current offer and early bird discount. [View all deadlines →](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#deadlines) KI EIS Fund Close 2 April 2026, 5:00pm Final fund close for Par KI EIS Fund IV and last carry-back window. [Check key timings →](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#deadlines) Tax Year End 5 April 2026, midnight Useful for client planning conversations and final application checks. [Open key documents →](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#resources) ! ### Important planning note Deadlines below refer to receiving a completed application and cleared funds by the stated time. Please allow extra time for additional checks, document queries and bank processing. **Typical processing time:** Allow 3-5 business days for bank transfers to clear and applications to be reviewed. About PXN ## A New Chapter in UK Investment PXN Investments brings together two award-winning investment teams with a proven track record, delivering returns for investors every year since 2013. £660m+ Assets under management £403m+ Invested directly into UK companies 110+ Portfolio companies backed 1,860+ Investors EIS Manager of the Year 3 times in the last 4 years Best EIS Investment Manager Growth Investor Awards Delivering Returns Every year since 2013 Past performance is not a reliable indicator of future results. Capital at risk. Learning & CPD ## Webinars for Advisers Tax year end webinars for financial advisers covering VCT due diligence, KI EIS opportunities, carry-back planning and estate planning conversations. [KI EIS webinar page →](https://landing.praetura.co.uk/par-ki-eis-pipeline-preview?utm_source=tye-hub&hsLang=en) [VCT webinar page →](https://landing.praetura.co.uk/inside-praetura-growth-vct-what-sets-us-apart?utm_source=tye-hub&hsLang=en) [Trust webinar page →](https://landing.praetura.co.uk/trusts-in-practice-webinar?utm_source=tye-hub&hsLang=en) On-Demand KI EIS #### Par KI EIS Pipeline Preview A short KI EIS webinar for financial advisers covering Fund IV ahead of close, carry-back relevance for 2024/25 and a preview of opportunities currently in focus. Watch Anytime 15-20 mins Andrew Noble & Patricia El Jichi [Watch On-Demand →](https://landing.praetura.co.uk/par-ki-eis-pipeline-preview?utm_source=tye-landing-page&hsLang=en) On-Demand VCT #### Inside Praetura Growth VCT: What Sets Us Apart A VCT webinar for advisers focused on due diligence, portfolio construction, current deployment and what differentiates Praetura Growth VCT at tax year end. Watch Anytime Caroline Flagg & Pete Carway [Watch Highlights →](https://zoom.us/clips/share/SkoEXjDOST2qcsWUw3GdGg) On-Demand CPD Accredited #### Trusts in Practice A practical estate planning webinar for financial advisers covering trust structures, inheritance tax planning conversations and common suitability scenarios. Watch Anytime ~1 Hour Michael Budden [Watch Now →](https://landing.praetura.co.uk/trusts-in-practice-webinar?utm_source=tye-landing-page&hsLang=en) On-Demand EIS & KI EIS #### A Practical Guide to EIS Opportunities An adviser-focused EIS webinar on how EIS and KI EIS can support portfolio construction, tax-efficient investing and client suitability discussions. Watch Anytime ~1 Hour Caroline Flagg & Pauline Cassie [Watch Now →](https://landing.praetura.co.uk/a-practical-guide-to-eis-opportunities-1?utm_source=tye-landing-page&hsLang=en) Quick Reference ## Tax Relief Comparison Compare the key tax benefits across our VCT, EIS and BR offerings for the 2025/26 tax year. | Feature | VCT | EIS | KI EIS | BR | | --- | --- | --- | --- | --- | | Income Tax relief | 30%\* | 30% | 30% | ✗ | | Annual investment limit | £200,000 | £1,000,000 | £2,000,000 | No annual limit† | | Capital Gains Tax deferral | ✗ | ✓ | ✓ | ✗ | | Tax-free dividends | ✓ | ✗ | ✗ | ✗ | | Tax-free growth | ✓ | ✓ if held 3+ years | ✓ if held 3+ years | ✗ | | Loss relief | ✗ | ✓ | ✓ | ✗ | | Inheritance Tax relief (Business Relief) | ✗ | ✓ after 2 years\*\* | ✓ after 2 years\*\* | 100%\*\* after 2 years | | Carry-back to previous tax year | ✗ | ✓ | ✓ | ✗ | | Minimum holding period | 5 years | 3 years | 3 years | 2 years | \*VCT Income Tax relief reduces from 30% to 20% from 6 April 2026. \*\*From 6 April 2026, 100% Business Relief is limited to the first £2.5m of combined qualifying APR/BPR assets per estate; 50% relief applies above this threshold. Unused allowance is transferable between spouses/civil partners (so couples can pass up to £5m with 100% relief). For trusts, the allowance resets every 10 years. †No annual investment limit, but IHT relief capped at £2.5m per estate. Tax treatment depends on individual circumstances and may change. Tax reliefs depend on companies maintaining qualifying status. Important Dates ## Year-End Deadlines Key cut-offs for the 2025/26 tax year. We recommend submitting ahead of these dates where possible. VCT ### Praetura Growth VCT Early bird deadline (2% initial fee discount) 1 April 2026, 3:00pm Completed application + cleared funds Loading... KI EIS ### Par Equity KI EIS Fund IV Final closing for 2025/26 tax relief 2 April 2026, 5:00pm Completed application + cleared funds Loading... Deadlines and availability may change. Please refer to the latest fund documents and contact us for confirmation. Tax Planning ## Understanding Carry-Back Relief EIS and KI EIS investments can be carried back to the previous tax year, giving your clients more flexibility. ### ✓ EIS & KI EIS Carry-Back Investments made in the current tax year can be treated as if made in the previous tax year for Income Tax relief purposes. - **2025/26 investments** can be carried back to 2024/25 - Must have unused relief capacity in the earlier year - Particularly useful for clients with higher income in the previous year - Capital Gains Tax deferral can also be carried back **Example:** A client invests £50,000 in KI EIS in March 2026. They can elect to carry back to 2024/25 and claim £15,000 Income Tax relief against that year's liability. ### ✗ VCT - No Carry-Back VCT investments cannot be carried back to a previous tax year. Relief is only available in the year of investment. - **2025/26 investments** receive relief in 2025/26 only - Must have sufficient Income Tax liability in the investment year - Relief cannot exceed total Income Tax liability for the year - Plan VCT investments based on current year income **Important:** VCT Income Tax relief is 30% until 5 April 2026, reducing to 20% from 6 April 2026 onwards. How It Works ## Application Process A clear guide to submitting applications ahead of tax year end deadlines. 1 #### Download Documents Access the latest prospectus, information memorandum and application forms from the resources section below. 2 #### Complete Application Fill in all required sections including client details, investment amount and adviser declaration. 3 #### Submit & Transfer Send completed application and arrange bank transfer. Include client reference on payment. 4 #### Confirmation Receive confirmation once application and funds are processed. Tax certificates issued after allotment. ⏱️ **Allow 3-5 business days** for bank transfers to clear and applications to be reviewed. For tax year end, we recommend submitting applications at least one week before the deadline to allow for any queries. Client Planning ## Choose The Right Investment Solution Compare VCT, KI EIS, EIS and Business Relief options based on the outcome your client is targeting at tax year end. [Praetura Growth VCT →](https://www.praeturainvestments.co.uk/vct/?utm_source=tye-hub) [Par EIS and KI EIS →](https://www.parequity.com/eis-funds?utm_source=tye-hub) [IHT Planning Service →](https://www.praeturainvestments.co.uk/pitps/?utm_source=tye-hub) **Start with the objective** Use the filters below to sort by the tax planning outcome the client actually wants, not just the product wrapper. **Then check timing** At tax year end, deadline and carry-back flexibility can matter as much as the headline relief itself. **Then open documents** Each card links directly to the supporting documents you’ll need for suitability, due diligence and application. All Solutions Reduce 2025/26 Income Tax Carry Back / CGT Deferral IHT Planning Tax-Free Dividends #### Praetura Growth VCT VCT Best for clients who want upfront income tax relief together with tax-free dividends and are comfortable committing capital for at least five years. - Best used forIncome tax planning with tax-free dividend potential - Planning noteCurrent 30% relief reduces to 20% from 6 April 2026 - **30% Income Tax Relief\*** on investments up to £200k - **Tax-free dividends** and capital gains - **5 year** minimum holding period [View Details](https://www.praeturainvestments.co.uk/vct/) [Apply](https://vct.praeturainvestments.co.uk/) #### Par KI EIS Fund IV Knowledge Intensive EIS A close-dated KI EIS fund for clients who can use larger amounts of income tax relief, value carry-back flexibility and are investing ahead of a specific fund close. - Best used forIncome tax relief, carry back, CGT deferral and IHT planning - Planning noteFund IV closes 2 April 2026 and may suit clients considering carry back to 2024/25 - **30% Income Tax Relief** on investments up to £2m - **CGT Deferral** and IHT relief after 2 years - **8-12 company** diversified portfolio [View Fund IV](https://www.parequity.com/eis-funds) [Fund IV Documents](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#resources) #### Par Evergreen EIS Standard EIS A rolling EIS option for clients who want EIS tax reliefs without relying on a single tax-year-end fund close or one fixed deployment window. - Best used forFlexible EIS planning with ongoing deployment - Planning noteSuitable where timing flexibility and year-round deployment matter more than a fixed close date - **30% Income Tax Relief** on investments up to £1m - **CGT Deferral** and IHT relief after 2 years - **Rolling deployment** for year-round investing [View Evergreen EIS](https://www.parequity.com/eis-funds) [Evergreen Docs](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#resources) #### Praetura IHT Planning Service Business Relief Best for later-life planning conversations where inheritance tax mitigation is the main objective and access to capital remains important. - Best used forInheritance tax planning through Business Relief - Planning noteFocused on estate planning rather than upfront income tax relief - **100% IHT Relief** after 2 year holding period - **4.5%+ target return** with capital preservation focus - **Access to capital** during investor's lifetime [View Details](https://www.praeturainvestments.co.uk/pitps/) [Documents](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#resources) \*VCT Income Tax relief reduces from 30% to 20% from 6 April 2026. Tax treatment depends on individual circumstances and may change. Free Resources ## Adviser Guides Download adviser guides for VCT tax relief, inheritance tax planning and broader tax year end client conversations. [VCT adviser guide →](https://landing.praetura.co.uk/venture-capital-trusts-adviser-guide-2026?utm_source=tye-hub&hsLang=en) [Inheritance tax guide →](https://landing.pxngroup.co.uk/a-guide-to-understanding-inheritance-tax?utm_source=tye-hub&hsLang=en) ![VCT Adviser Guide 2026 Cover](https://landing.pxngroup.co.uk/hs-fs/hubfs/Pages%20from%20Venture%20Capital%20Trusts%20-%20Adviser%20Home%20Guide%20FINAL%20200126.jpg?width=180&height=255&name=Pages%20from%20Venture%20Capital%20Trusts%20-%20Adviser%20Home%20Guide%20FINAL%20200126.jpg) Free CPD Resource ### VCT Adviser Guide 2026 A comprehensive 42-page guide covering VCT tax reliefs, Autumn Budget 2025 changes, client suitability, and income generation strategies. - Post-Budget tax relief analysis - Client suitability frameworks - Real-world case studies [Download Guide](https://landing.praetura.co.uk/venture-capital-trusts-adviser-guide-2026?hsLang=en) ![A Guide to Understanding Inheritance Tax Cover](https://landing.pxngroup.co.uk/hs-fs/hubfs/pxn-landing-pages/images.jpeg?width=180&height=255&name=images.jpeg) Free Guide ### A Guide to Understanding Inheritance Tax A practical guide to IHT planning for financial advisers. Covering the fundamentals of IHT, available reliefs, and strategies to help clients protect their estate. - IHT thresholds and exemptions - Business Relief planning strategies - Client conversation frameworks [Download Guide](https://landing.pxngroup.co.uk/a-guide-to-understanding-inheritance-tax?hsLang=en) Downloads & Resources ## Adviser Documents Access the latest VCT and KI EIS prospectuses, information memoranda, KIDs, application forms and adviser suitability resources for tax year end 2026. [Praetura Growth VCT →](https://www.praeturainvestments.co.uk/vct/?utm_source=tye-hub) [Par EIS and KI EIS funds →](https://www.parequity.com/eis-funds?utm_source=tye-hub) ### [Most used · VCT VCT Prospectus Core VCT tax year end document covering offer terms, risks and suitability considerations. Open PDF →](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/Praetura%20Growth%20VCT%20-%20Prospectus.pdf?hsLang=en) ### [Most used · KI EIS KI EIS Information Memorandum Key KI EIS fund document covering strategy, structure, carry-back relevance and investment terms. Open PDF →](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20-%20KI%20EIS%20Fund%20IV%20-%20Information%20Memorandum%202025.pdf?hsLang=en) ### [Most used · KI EIS KI EIS Application Form Advised application form for financial advisers submitting KI EIS investments ahead of fund close. Open PDF →](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20KI%20EIS%20Fund%20IV%20-%20Application%20From%20(Advised).pdf?hsLang=en) ### [Most used · Guide VCT Adviser Guide 2026 Detailed adviser guide for VCT suitability, relief changes and client tax year end conversations. Open guide →](https://landing.praetura.co.uk/venture-capital-trusts-adviser-guide-2026?hsLang=en) Product All26 VCT6 KI EIS7 EIS6 PITPS7 Document Type All Info Memo Key Info Application Guide #### [Praetura Growth VCT Prospectus → Full prospectus including investment strategy, risks, and terms. VCT Prospectus PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/Praetura%20Growth%20VCT%20-%20Prospectus.pdf?hsLang=en) #### [Praetura Growth VCT Overview → Summary overview of the VCT fund and key features. VCT Overview PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/Praetura%20Growth%20VCT%20Overview.pdf?hsLang=en) #### [VCT Key Information Document (KID) → Client-friendly summary of key features, risks and costs. VCT Key Info PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/Praetura%20Growth%20VCT%20-%20KID.pdf?hsLang=en) #### [VCT Application Form → Downloadable PDF application form for advised clients. VCT Application PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/Praetura%20Growth%20VCT%20-%20Application%20Form.pdf?hsLang=en) #### [VCT Suitability Template → Adviser suitability letter template for VCT recommendations. VCT Guide DOCX](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/Praetura%20Growth%20VCT%20-%20Suitability%20Template%20January%202026%20CF.docx?hsLang=en) #### [VCT Adviser Guide 2026 → Comprehensive 42-page guide covering tax reliefs, client suitability, and case studies. VCT Guide CPD](https://landing.praetura.co.uk/venture-capital-trusts-adviser-guide-2026?hsLang=en) #### [KI EIS Fund IV Information Memorandum → Fund details, strategy, and investment terms for Knowledge Intensive EIS. KI EIS Info Memo PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20-%20KI%20EIS%20Fund%20IV%20-%20Information%20Memorandum%202025.pdf?hsLang=en) #### [KI EIS Fund IV Key Information Document → Client-friendly summary of key features, risks and costs. KI EIS Key Info PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20-%20KI%20EIS%20Fund%20IV%20-%20KID%202025.pdf?hsLang=en) #### [KI EIS Fund IV Application Form (Advised) → Application form for advised clients investing in KI EIS Fund IV. KI EIS Application PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20KI%20EIS%20Fund%20IV%20-%20Application%20From%20(Advised).pdf?hsLang=en) #### [KI EIS Fund IV Investment Agreement → Legal investment agreement terms and conditions. KI EIS Agreement PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20-%20KI%20EIS%20Fund%20IV%20-%20Investment%20Agreement%202025.pdf?hsLang=en) #### [KI EIS Product Governance Document → Target market and distribution strategy information. KI EIS Guide PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20-%20KI%20EIS%20Fund%20IV%20-%20Product%20Governance%20Document%202025.pdf?hsLang=en) #### [KI EIS High Risk Investments Wording → Required risk disclosure wording for client communications. KI EIS Guide DOCX](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20-%20KI%20EIS%20Fund%20IV%20-%20High%20Risk%20Investments%20Wording%202025.docx?hsLang=en) #### [EIS Carry-Back Guide → On-page guide explaining EIS carry-back relief for clients. KI EIS Guide On-page](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#carryback) #### [EIS Fund Information Memorandum → Fund details, strategy, and investment terms for Par Equity EIS. EIS Info Memo PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20-%20EIS%20Fund%20-%20Information%20Memorandum.pdf?hsLang=en) #### [EIS Fund Key Information Document → Client-friendly summary of key features, risks and costs. EIS Key Info PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20-%20EIS%20Fund%20-%20KID.pdf?hsLang=en) #### [EIS Fund Application Form (Advised) → Application form for advised clients investing in EIS Fund. EIS Application PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20EIS%20Fund%20-%20Application%20Form%20(Advised).pdf?hsLang=en) #### [EIS Fund Investment Agreement → Legal investment agreement terms and conditions. EIS Agreement PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20-%20EIS%20Fund%20-%20Investment%20Agreement%202025.pdf?hsLang=en) #### [EIS Product Governance Document → Target market and distribution strategy information. EIS Guide PDF](https://landing.pxngroup.co.uk/hubfs/Tax%20Year%20End%20Campaign/PXN%20Investments%20-%20Par%20Equity%20-%20EIS%20Fund%20-%20Product%20Governance%20Document%202025.pdf?hsLang=en) #### [EIS Carry-Back Guide → On-page guide explaining EIS carry-back relief for clients. EIS Guide On-page](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#carryback) #### [PITPS Information Memorandum → Full details on the IHT Planning Service including strategy and terms. BR Info Memo PDF](https://landing.pxngroup.co.uk/hubfs/Praetura%20Inheritance%20Tax%20Planning%20Service/Sales%20Documents/Praetura%20Inheritance%20Tax%20Planning%20Service%20-%20Information%20Memorandum.pdf?hsLang=en) #### [PITPS Quarterly Report Q4 2025 → Latest quarterly performance report for the IHT Planning Service. BR Report PDF](https://landing.pxngroup.co.uk/hubfs/PITPS%20Sales%20Documents/PITPS%20Q4%202025.pdf?hsLang=en) #### [PITPS Due Diligence Pack → Comprehensive due diligence materials for adviser review. BR Due Diligence PDF](https://landing.pxngroup.co.uk/hubfs/Praetura%20Inheritance%20Tax%20Planning%20Service/Sales%20Documents/Praetura%20Inheritance%20Tax%20Planning%20Service%20-%20Due%20Diligence%20pack.pdf?hsLang=en) #### [PITPS Suitability Report Template → Editable suitability report template for advised client recommendations. BR Template DOCX](https://landing.pxngroup.co.uk/hubfs/Praetura%20Inheritance%20Tax%20Planning%20Service/Sales%20Documents/Praetura%20IHT%20Planning%20Service%20-%20Suitability%20Report.docx?hsLang=en) #### [PITPS Application Form (Advised) → Advised client application form for the IHT Planning Service. BR Application PDF](https://landing.pxngroup.co.uk/hubfs/Praetura%20Inheritance%20Tax%20Planning%20Service/Sales%20Documents/Praetura%20Inheritance%20Tax%20Planning%20Service%20-%20Application%20Form%20(Advised)-1.pdf?hsLang=en) #### [A Guide to Understanding Inheritance Tax → Practical guide covering IHT thresholds, available reliefs, and planning strategies for advisers. BR Guide Landing Page](https://landing.pxngroup.co.uk/a-guide-to-understanding-inheritance-tax?hsLang=en) #### [PITPS Investor Agreement → Legal investor agreement and terms for the IHT Planning Service. BR Agreement PDF](https://landing.pxngroup.co.uk/hubfs/Praetura%20Inheritance%20Tax%20Planning%20Service/Sales%20Documents/Praetura%20Inheritance%20Tax%20Planning%20Service%20-%20Investor%20Agreement.pdf?hsLang=en) No documents match your filters. Try adjusting your selection. Show all documents **Risk note:** VCTs and EIS are high-risk investments in small, unquoted companies. They are illiquid and you may lose all money invested. Tax reliefs depend on maintaining qualifying status and may change. Independent advice is recommended. Adviser Tools ## Create Client Illustrations Generate personalised investment illustrations for your clients in minutes. Our illustration tools help you demonstrate the potential tax benefits and investment scenarios for your clients. Simply enter the investment amount and client details to generate a personalised illustration that you can share or print. #### Par EIS Illustration Create an illustration for Par Equity EIS and KI EIS investments showing income tax relief and potential returns. Create Illustration → #### VCT Illustration Create an illustration for Praetura Growth VCT investments showing income tax relief, dividend expectations and growth scenarios. Create Illustration → #### IHT Planning Illustration Create an illustration for Praetura IHT Planning Service showing Business Relief benefits and estate planning scenarios. Create Illustration → Common Questions ## Frequently Asked Questions Quick answers to common questions about tax year end applications. What if my client's funds don't clear in time? If funds don't clear by the deadline, the investment will be processed in the next tax year. We cannot backdate applications. To avoid this, submit applications and arrange transfers at least one week before the deadline. Can my client invest via a platform? Platform availability varies by product. The VCT is available through select platforms. For KI EIS, direct applications are required. Check the relevant documents or contact us for current platform availability. When will tax certificates be issued? VCT tax certificates (VCT5) are typically issued within 6-8 weeks of allotment. EIS3 certificates are issued after investments are made into qualifying companies, which may take longer depending on deployment timelines. What's the minimum investment? Minimum investments vary by product. Check the prospectus or information memorandum for specific minimums. Some products have different minimums for advised vs direct investors. Can relief be claimed if the client has already paid their tax? Yes. If your client has already paid their Income Tax for the year, they can claim a refund from HMRC after receiving their tax certificate. Relief certificates are sent directly to clients. What happens if a fund closes early? Some funds may close before the deadline if they reach capacity. We recommend submitting applications early to secure allocation. Contact us to check current availability. ## Why PXN Investments We provide comprehensive alternative investment solutions backed by expert knowledge and proven results. #### Tax-Efficient Investment Maximise tax benefits through VCT, EIS, and Business Relief solutions. #### Expert Due Diligence Rigorous investment selection process with deep sector expertise. #### Professional Support Dedicated adviser support team to help with client cases. #### Northern Focus Supporting growth businesses across Northern England with £1bn ambition. ![PXN Investments team](https://cdn.prod.website-files.com/690afb954c5d8e683fd40f43/690d0d4661f9adfe09b7abc9_e67ba39350b98e60b2f6cb20c7563417.avif) ## Ready to discuss a client case? Whether you need help with timings, suitability considerations, or document selection, our adviser support team is here to help. Request a call-back and we'll be in touch. Loading form... ### [View All Investment Solutions Explore our full range of VCT, EIS, and Business Relief opportunities. Learn More →](https://www.pxninvestments.co.uk/) ### [Download Documents Access fund documents and planning resources. View Documents →](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#resources) × ## Important Risk Information Please read this information carefully before investing. This should take around 2 minutes. ### ⚠️ You could lose all your money VCT and EIS investments are in small, unquoted companies. Most start-ups fail. If the businesses you invest in fail, you will likely lose 100% of the money you invested. ### 🛡️ You may not be protected The Financial Services Compensation Scheme (FSCS) does not cover poor investment performance. The Financial Ombudsman Service (FOS) cannot help you recover money lost due to poor investment performance. ### ⏳ You won't get your money back quickly These investments are illiquid. Even if the businesses succeed, it typically takes years before you can exit. VCTs must be held for 5 years to retain tax relief. EIS shares cannot be easily sold. ### 📊 Don't put all your eggs in one basket You should not invest more than 10% of your money available for investment in high-risk investments. Diversification across asset classes reduces overall portfolio risk. ### 📉 Your investment can be diluted If the companies you invest in issue more shares, your stake can be diluted. Later funding rounds may include shares with preferential rights that rank above yours. ### 💰 Tax reliefs may change - Tax treatment depends on individual circumstances - Tax rules can change in the future - Tax reliefs depend on companies maintaining qualifying status - VCT Income Tax relief reduces from 30% to 20% from April 2026 **This page is for UK financial advisers only.** Investors should only invest on the basis of the relevant prospectus and associated documents. Independent financial advice should always be sought. ### Par EIS Illustration Tool × ### VCT Illustration Tool × ### IHT Planning Illustration Tool × #### ⚠️ Important Risk Warning **Don't invest unless you're prepared to lose all the money you invest.** This is a high-risk investment and you are unlikely to be protected if something goes wrong. [Take 2 minutes to learn more.](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#risk-summary) Investments in Venture Capital Trusts (VCTs) and the Enterprise Investment Scheme (EIS) are high risk and illiquid. They invest in small, unquoted companies where there is a significant risk of losing the entire amount invested. These investments are not suitable for all investors. #### Tax Treatment Tax reliefs depend on individual circumstances and may change in the future. The availability of tax reliefs depends on the investee companies maintaining their qualifying status. VCT Income Tax relief reduces from 30% to 20% from 6 April 2026. Investors should seek independent tax advice. #### Regulatory Information This page is for UK financial advisers only and does not constitute personal advice. Where a prospectus applies, investors should only invest on the basis of the relevant prospectus and associated documents. Praetura Ventures Limited is authorised and regulated by the Financial Conduct Authority (FRN 817345). Par Fund Management Limited is authorised and regulated by the Financial Conduct Authority (FRN 485668). © 2026 PXN Investments. Part of the PXN Group. All rights reserved. [Deadlines](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#deadlines) [Documents](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#resources) [Contact](https://landing.pxngroup.co.uk/pxn-investments-tax-year-end-2026#contact) ![](https://px.ads.linkedin.com/collect/?pid=5869578&fmt=gif) ```json { "@context" : "https://schema.org", "@type" : "FAQPage", "mainEntity" : [ { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "If funds don't clear by the deadline, the investment will be processed in the next tax year. We cannot backdate applications. To avoid this, submit applications and arrange transfers at least one week before the deadline." }, "name" : "What if my client's funds don't clear in time?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Platform availability varies by product. The VCT is available through select platforms. For KI EIS, direct applications are required. Check the relevant documents or contact us for current platform availability." }, "name" : "Can my client invest via a platform?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "VCT tax certificates (VCT5) are typically issued within 6-8 weeks of allotment. EIS3 certificates are issued after investments are made into qualifying companies, which may take longer depending on deployment timelines." }, "name" : "When will tax certificates be issued?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Minimum investments vary by product. Check the prospectus or information memorandum for specific minimums. Some products have different minimums for advised vs direct investors." }, "name" : "What's the minimum investment?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Yes. If your client has already paid their Income Tax for the year, they can claim a refund from HMRC after receiving their tax certificate. Relief certificates are sent directly to clients." }, "name" : "Can relief be claimed if the client has already paid their tax?" }, { "@type" : "Question", "acceptedAnswer" : { "@type" : "Answer", "text" : "Some funds may close before the deadline if they reach capacity. We recommend submitting applications early to secure allocation. Contact us to check current availability." }, "name" : "What happens if a fund closes early?" } ] } ``` ```json { "@context" : "https://schema.org", "@type" : "Organization", "contactPoint" : { "@type" : "ContactPoint", "areaServed" : "GB", "contactType" : "customer service", "telephone" : "+44-161-641-9430" }, "logo" : "https://5090460.fs1.hubspotusercontent-na1.net/hubfs/5090460/PXN_Investments_Charcoal.png", "name" : "PXN Investments", "url" : "https://www.pxninvestments.co.uk" } ```