Puma AIM 

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.

Puma Investments is part of the Shore Capital Group, which has a 30+ year history in analysing and advising UK listed small to mid-cap companies. It is a leading market-maker on AIM and an adviser to a large number of AIM quoted companies. The investment team is led by an award-winning Investment Director with 21 years of experience, specialising in small and mid-cap companies.

The Service 

The Puma AIM offers a discretionary portfolio service that seeks to deliver long term growth whilst mitigating Inheritance Tax. It aims to mitigate Inheritance Tax by the use of Business Relief (BR), which takes effect after just two years from the acquisition of qualifying AIM stocks.

Awards

Puma Investments is an award winning investment manager, having won 'Best AIM Investment Manager' for a second year in a row at the Growth Investor Awards 2017.

Learn about Puma AIM IHT

£106.8bn total Market Value of AIM

How investing in AIM mitigates Inheritance Tax

The Puma AIM ISA Inheritance Tax Service seeks to invest in companies that qualify for Business Relief (BR). BR allows investments in certain types of businesses and business assets to qualify for 100% relief from IHT after two years (if the investment is also held at the point of death). This includes many of the companies admitted to trading on AIM.

The purpose of this relief is to encourage the support of small and medium-sized trading businesses. These businesses are often family owned and controlled, and would be significantly impacted should their owners be subject to IHT on their transfer between generations. In addition, as of April 2014, no stamp duty is charged on purchases of AIM shares.

Benefits of Business Relief

Faster Inheritance Tax Exemption

Potentially IHT exempts in just two years

Simplicity

No complex legal structure

The benefits of the Puma AIM ISA IHT Service

Speed & efficiency

Unlike many other IHT planning solutions such as gifts or trusts, you should benefit from Business Relief after a two-year holding period, rather than waiting seven years.

Control & access

Assets held within the Service remain under investors’ ownership and they can request to withdraw their money if their circumstances change.

Simplicity

The Service is a simple, discretionary portfolio management service just like investing with any other discretionary manager.

Long-term growth

We expect the stocks we pick for your portfolio to deliver good investment returns over time, through capital growth and dividends. However, any investment of this type entails inherent risks, a summary of which is set out under ‘Risk Factors’ on page 20; in particular, your capital is at risk and you may get back less than you invested or lose your investment entirely.

Experienced team

The Service is a simple, discretionary portfolio management service just like investing with any other discretionary manager.

Experts in AIM

Puma Investments is part of the Shore Capital Group. Shore Capital has been involved with AIM since its inception, providing corporate finance advice to AIM companies and distributing highly regarded AIM research.

How it works in practice

The planning scenario below demonstrates the potential benefits of investing in the Puma AIM ISA Inheritance Tax Service via an ISA.

Investment Director

Justin Waine

DIRECTOR

Justin has 19 years experience of analysing UK and European small and mid-sized companies. He spent 8 years at Polar Capital as a Fund Manager on their European Funds where he managed a significant portion of their award winning European Forager Fund; an absolute return fund focused on Pan-European small and mid-sized companies. He was also responsible for investment across the whole of Europe, but predominantly focused on the UK, Germany and Switzerland, including companies listed on AIM.

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.

Puma AIM ISA IHT Service


Puma AIM Inheritance Tax Service - Q2 2020 Report
Puma AIM Inheritance Tax Service - Overview
Puma AIM Inheritance Tax Service - Investment Details
Puma AIM Inheritance Tax Service - Application Form
Puma AIM Inheritance Tax Service - Investor Agreement
Puma AIM Inheritance Tax Service - Intermediary Terms