1.9 Total return is an alternative performance measure calculated as movement in NAV per share in the period plus dividends paid in the period, divided by the NAV per share at the beginning of the period. Subject to shareholder approval at the Annual General Meeting, the proposed final and special dividend will be paid on 13 August 2021 to shareholders on the register on 9 July 2021. Total ongoing charges is an alternative performance measure calculated using the AIC recommended methodology.
Chairman’s Statement
Introduction
I am pleased to present the Annual Report of the Octopus AIM VCT for the year ended 28th February 2021. I would like to welcome all new shareholders who have joined in the year.
But only 17% are set to suffer from frozen LTA
Just under one-in-three clients are set to feel the burn of frozen inheritance tax (IHT) thresholds, according to research by Octopus Investments.
The survey of 208 UK financial advisers revealed that 31% of clients will suffer from it, compared to 17% being affected by the freezing of the pensions lifetime allowance, as set out in the UK spring budget.
Both will not be increased until 2026.
Most respondents (64%) said that affected clients are aware of the IHT freeze, but only 11% believed their customers fully understood how the change will impact them.
Around a third (32%) claim clients that will suffer from the threshold freeze are completely unaware of it.
$100m battery to power up NSW schools, hospitals
May 25, 2021 – 12.01am
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A $100 million battery to be built in south-west NSW will support a $3.2 billion contract won by Shell and Edify Energy to power schools, hospitals and state government buildings for the next 10 years – in stark contrast to Canberra’s focus on gas to supply power on demand.
NSW energy minister Matt Kean said the 100-megawatt battery would provide critical “dispatchable” electricity before the closure of AGL Energy’s Liddell coal power station in 2023.
The battery will have a maximum power output of 100 MW, and capacity of 200 MWh, meaning it can run for two hours at maximum output before having to be recharged.
AN INTERNET provider is creating 200 jobs with a plan to connect more than 300,000 homes and businesses to its high speed broadband. The move comes after Fareham-based Giganet was taken over by investment firm Fern Trading Limited and given a £250million injection of funds. The investment will allow Giganet to offer high-speed full fibre broadband to more homes and businesses across the UK. Work has already begun on connecting 300,000 addresses in Hampshire, Dorset, Wiltshire and West Sussex, and the 200 staff will be hired across those areas. Chief executive Jarlath Finnegan said: “Together with Fern Trading, Giganet now has the resources to quickly connect lots more customers across the UK.