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Anybody done this? There are sites like Seedrs which are basically crowdfunding for startups. You can chip in as little as, say, £15 and if the business does well eventually you get something back. If it goes twits-up like most startups you get nothing. I wondered about giving it a go with pocket change that would otherwise be blown on beer in the pub etc.

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8 hours ago, Austin Allegro said:

Anybody done this? There are sites like Seedrs which are basically crowdfunding for startups. You can chip in as little as, say, £15 and if the business does well eventually you get something back. If it goes twits-up like most startups you get nothing. I wondered about giving it a go with pocket change that would otherwise be blown on beer in the pub etc.

The main reason that they are popular is for tax relief via EIS

https://www.seedrs.com/learn/guides/eis-tax-relief#examples

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10 hours ago, reformed nice guy said:

The main reason that they are popular is for tax relief via EIS

https://www.seedrs.com/learn/guides/eis-tax-relief#examples

So would I be right in thinking these are mainly useful for higher rate tax payers, who having used up all their other tax reliefs (pension, ISAs, premium bonds etc) who still need to offload some capital to stay in a lower tax band, will invest say £20k in a company mainly for the relief on income tax rather than the hope of making actual money?

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1 hour ago, Austin Allegro said:

So would I be right in thinking these are mainly useful for higher rate tax payers, who having used up all their other tax reliefs (pension, ISAs, premium bonds etc) who still need to offload some capital to stay in a lower tax band, will invest say £20k in a company mainly for the relief on income tax rather than the hope of making actual money?

yup! a fancier version of betting on dogs

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