Deepbridge Capital's Andrew Aldridge, Partner & Chief of Marketing has recently spoken with Professional Paraplanner to discuss how the Enterprise Investment Scheme (EIS) is not just a tax planning instrument for the ultra wealthy, but should be considered by any paraplanner carrying out estate planning for clients.

One of the potential inaccuracies regarding EIS and other tax efficient investments such as VCT's and Business Relief propositions, are that they're only for the mega wealthy. However, with the pension LTA and tapered annual allowances now affecting many more clients than just 'the wealthy', there is perhaps now a genuine need to consider other tax-efficient structues for a broader range of clients.

Many EIS funds are now accepting investments as little as ten thousand pounds, meaning there are opportunities for advisers to provide investors with tax-free growth away from pensions, without having to commit unwieldy amounts.

To view Deepbridge Capital's Technology Growth EIS, Life Sciences EIS funds and other products, click here.

Many providers (including Deepbridge Capital), the main compliance service providers and networks, specialist education providers such as Intelligent Partnership and our trade body the Enterprise Investment Scheme Association (EISA), are providing excellent educational materials and courses - good news for advisers as there has probably never been more EIS education available.

The thing to remember is the UK Government offers the Enterprise Investment Scheme to UK investors in order to encourage them to support growth-focused companies which are seeking to create jobs and create businesses which will be the economic backbone of the country.

In current economic conditions, EIS may never have been more important.

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