Puma AIM VCT Dividend Reinvestment Scheme
When there is a dividend announced, shareholders can reinvest their cash dividends into new shares which will qualify for the same range of VCT tax reliefs.
Continue to grow your client's portfolio
The Dividend Reinvestment Scheme (DRIS) offers a smart, tax-efficient way for clients to continue investing in Puma AIM VCT.
Instead of receiving cash dividends, your clients can automatically reinvest them into new Puma AIM VCT shares. These newly issued shares qualify for the same generous VCT tax reliefs as those available when making a brand-new VCT investment.
Your clients must submit a completed election form no later than 15 days prior to the dividend payment date. Terms and conditions apply.
What tax reliefs will my clients receive?
Income tax
relief
Your clients can claim up to 20% income tax relief when they buy newly issued shares in a VCT, up to £200,000 per tax year. To qualify, their shares must be held for at least five years. The relief is non-refundable and cannot exceed the investor's total income tax liability
Tax-free
dividends
Dividends are 100% tax-free and do not need to be reported on your client's tax return. This is beneficial for higher-rate taxpayers, who could otherwise pay up to 39.95% in dividend tax. VCTs offer a smart way to earn tax-free income beyond the £500 dividend allowance in 2025/26
Capital Gains
Tax
The profits made from selling VCT shares are exempt from Capital Gains Tax (CGT), as long as the shares are in an approved VCT and were acquired for genuine investment purposes. This valuable tax-efficient exemption applies to investments of up to £200,000 per tax year
Tax reliefs are not guaranteed, depend on individuals’ personal circumstances and a five-year minimum holding period, and may be subject to change.
FAQs
Further support
Neville Registrars Limited, the Dividend Reinvestment Scheme Administrator, handles all Scheme-related queries. Please call 0121 585 1131. Lines are open 9am to 5.30pm, Monday to Friday, excluding public holidays in England and Wales.
Alternatively, our expert Client Relations team is also here to assist you and your clients on 020 7096 8453.
Risk factors
An investment in Puma AIM VCT carries risk and you should take your own independent advice. You should only invest in Puma AIM VCT on the basis of the prospectus which details the risks of the investment. Below are the key risks:
Tax reliefs: Tax reliefs are not guaranteed, depend on individuals’ personal circumstances and require holding the investment for a minimum of five years. Tax reliefs may also be subject to change.
Liquidity: It is highly unlikely there will be a liquid market in the ordinary shares of Puma AIM VCT, and it may prove difficult for investors to realise their investment immediately, in full or at all.
Capital at risk: An investment in Puma AIM VCT involves a high degree of risk. Investors’ capital may be at risk. There is a possibility you may lose all of your capital invested.
General: Past performance of Puma Investments in relation to its other VCTs is no indication of future results. The payment of dividends is not guaranteed. Investors have no direct right of action against Puma Investments. The Financial Ombudsman Service/the Financial Services Compensation Scheme are not available.
Figures on this page are taken from Puma Investments and are correct as of 15 April 2026 unless stated otherwise.