Puma VCT 13
Dividend Reinvestment Scheme
Shareholders can reinvest their cash dividends into new shares in the VCT and receive access to VCT tax reliefs.
Continue to grow your portfolio
The Dividend Reinvestment Scheme (DRIS) offers a smart, tax-efficient way for existing investors to continue investing in Puma VCT 13.
Instead of receiving cash dividends, you can automatically reinvest them into new Puma VCT 13 shares. These newly issued shares qualify for the same generous VCT tax reliefs as those available when making a brand new VCT investment.
You 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 I receive?
Income Tax
relief
You can claim up to 20% income tax relief when you buy newly issued shares in a VCT, up to £200,000 per tax year. To qualify, your 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 tax return. This is beneficial for higher-rate taxpayers, who could otherwise pay up to 39.95% in dividend tax
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
Find out more
Please contact your Financial Adviser to discuss our investment solutions in more detail.
Alternatively, our team of over 20 Client Relations and Operations specialists can provide practical guidance and seamless service at every stage of your investment journey.
Risk factors
An investment in Puma VCT 13 carries risk and you should take your own independent advice. You should only invest in Puma VCT 13 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 a five-year minimum holding period, and may be subject to change.
Liquidity: It is unlikely there will be a liquid market in the ordinary shares of Puma VCT 13 and it may prove difficult for investors to realise their investment immediately or in full.
Capital at risk: An investment in Puma VCT 13 involves a high degree of risk. Investors’ capital may be at risk.
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.