Puma AIM ISA IHT Service

Puma AIM ISA IHT Service

Launched in 2014, our award-winning Puma AIM IHT Service is a discretionary portfolio service that seeks to mitigate Inheritance Tax by investing in a carefully selected portfolio of Alternative Investment Market (AIM) listed shares.

Register to Invest
First launched in 2014, the Puma AIM ISA Inheritance Tax Service is a discretionary portfolio service that seeks to deliver long term growth and mitigate Inheritance Tax by investing in a carefully selected portfolio of Business Relief (BR) qualifying Alternative Investment Market (AIM) shares.

Reasons to Invest

Track record
Our award-winning Service has been in operation since 2014 and continues to deliver strong overall returns for investors, consistently outperforming the FTSE AIM All Share since inception.
 
Experts in AIM
Puma Investments is part of the Shore Capital Group, which has a 30+ year history in analysing and advising UK quoted small to mid-cap companies. It is a leading market-maker on AIM and an adviser to a large number of AIM quoted companies.
 
Control
One key benefit is that investors retain control over their assets, avoiding the need to gift their assets or place them in trust in order to mitigate Inheritance Tax.
 
IHT mitigation
It aims to mitigate Inheritance Tax (IHT) by the use of Business Relief, which takes effect after just two years from the acquisition of qualifying AIM stock
 

Key details

  • Minimum investment: £20,000 with no maximum
  • Business Relief qualifying portfolio of AIM stocks
  • Model portfolio of approximately 20-25 holdings
 

Portfolio construction

  • All investors are broadly aligned to the Puma AIM Inheritance Tax model portfolio
  • Fully invested in AIM shares, with only a small cash position (approximately 2-5%)
  • Target approximately 20 to 25 holdings
  • Average position size is 2%-6%, with generally no position greater than 10% of the portfolio
  • Target hold for investments of three to five years
  • Longer-held positions are considered if fundamentals improve and valuations remain sensible
  • Low portfolio turnover


Risk Factors

An investment in the Puma AIM Inheritance Tax Service may not be suitable for all investors.

Investors can only invest in the Service through a Financial Adviser who has assessed that an investment in the Service is suitable for the investor.

Tax reliefs are not Guaranteed: Tax rules may change, which could affect the reliefs available for IHT purposes. Tax reliefs are subject to an individual's personal circumstances and independent tax advice should be taken. While the Tax Adviser will also carry out an annual review of the portfolio, we can't guarantee that all portfolio investments will qualify for BR. If a company should be non-qualifying at the time of being selected for the portfolio or become non-qualifying thereafter, then any applicable BR could be reduced accordingly. 

Long-Term Investment: An investment in the Puma AIM Inheritance Tax Service should be considered a long-term investment.

Capital at Risk: The value of investments can go down as well as up, so investors may not receive their full amount invested. An investment in smaller companies is likely to be higher risk than many other investments. Companies quoted on AIM are likely to be more risky and have less rigorous listing requirements than companies quoted on the main list of the London Stock Exchange. Dealing costs may be significant, particularly in respect of a relatively small investment in the Service.

Past Performance: The past performance of the Puma AIM Inheritance Tax Service, Puma Investments, the funds Puma Investments manages or the companies it advises, is not a reliable indicator of future performance. Future performance may be materially different from past results. There is no guarantee that can be given as to the overall performance or level of return that can be achieved from investments made, or that the objectives of the Service will be achieved.

Potentially Illiquid Investment: AIM stocks are largely small and illiquid. They are characterised by significant spreads and low trading volumes. A sale of such shares may be difficult, slow and only achievable at lower than indicated market price.