This year's new VCT (venture capital trust) offer season, where investors can apply for new shares and enjoy immediate tax benefits, is in full swing. Each year, VCTs seem to attract money faster than the previous year, meaning interested investors need to act fast once offers go live, although it is important to understand all the risks involved before making an investment decision.Experts believ

Higher-rate taxpayers are increasingly looking for alternative tax benefits as the government tightens up the roles around pensions. This is making venture capital trusts (VCTs) a popular choice for people across the country.Venture capital trusts are funds that allow investors to claim up to 30% income tax relief on up to £200,000 invested in a VCT per year. You need to hold the investment for a