Both funds invest in high-growth, innovative companies that qualify for the Enterprise Investment Scheme. The funds will co invest and in each case investors will get a portfolio of 6-12 companies over a 12-18 month investment period.

For the Molten Ventures EIS investors’ entitlement to income tax reliefs is tied to the date of each investment made into shares of EIS-qualifying companies, rather than the date of subscription.

For the Knowledge Intensive fund the date of eligibility for income tax reliefs relates to the date the fund closes rather than the date of investment into underlying companies.

In both cases the effective dates for Capital Gains tax deferral, minimum 3 year holding period and Business Relief for IHT are the dates when investments are made into underlying companies.

Applications can be made online via email, or by post using the Application Form which is available to advisors on request from taxsolutions@ramcapital.co.uk. Advisors can complete the forms on behalf of their client and submit them to the client for e signing if using the online application process, or can be signed wet ink and scanned or docusigned if using the pdf application forms.

After an application is accepted, the investor receives a Welcome Letter and portal access details via email.

The portal will provide:

• Deal notes and contract notes for each investment
• In the case of the evergreen EIS fund - EIS3 certificates usually available 8–12 weeks after each investment
• In the case of the Knowledge intensive EIS fund – EIS5 certificates usually available 8–12 weeks after the final investment by the fund
• Half-yearly Fund Reports and Valuations (issued in June and November)
• Annual Tax Interest Statements (available in July)

For each qualifying investment, the Fund Manager coordinates with HMRC to issue an EIS3 certificate. Certificates are uploaded electronically to the investor portal. These are typically available within 8–12 weeks, though this may vary.

EIS5 certificates are uploaded electronically to the investor portal. These are typically available within 8–12 weeks of the final investment being made by the approved fund, though this may vary.

• Initial Fee: 2% of Net Subscription
• Annual Management Fee (Years 1–5): 2% p.a.
• Ongoing Fee (Year 6+): 2% p.a. of invested capital (minimum 0.5%)
• Custodian Fee: £80 p.a. (first six years prepaid)
• Dealing Commission: 0.2% per transaction
• Performance Fee: 20% + VAT on distributions above the Net Subscription

For example, with a £100,000 subscription, approximately 90p in every £1 is invested net of fees. Molten Ventures EIS does not charge investee companies; this aligns with standard Venture Capital market practice and enables us to compete to win competitive deals.

Access to the investor portal is at molten.mainspringfs.com.

When applications are processed, an activation email is sent from eis@molten.vc.

The portal provides:

• Contract notes and deal details
• EIS3 certificates
• Reports, valuations, and cash statements
• Exit notifications and distribution details
• Annual interest and tax statements

Both investors and advisers receive email alerts for new documents.

Funds are typically invested across 6–12 companies over 12–18 months from the Close Date of the fund or tranche.

Updates are provided through the investor portal, where deal notes and contract details appear once investments are made.

You’ll need your EIS3 or EIS5 certificate(s) to claim the 30% income tax relief.

Claim options:

• Self-Assessment: Enter investment details in the EIS section of your annual tax return.
• PAYE: Submit the EIS3 details to HMRC to adjust your tax code.

Claims must be made within five years of 31 January following the end of the tax year in which the shares were issued.

(For carry-back claims, this reduces to four years.)

Yes — you can apply to “carry back” EIS relief to the preceding tax year.

The carry-back amount is limited to the value of income tax paid in that year.

When an investment exits, investors receive a letter via the portal, which includes a summary of their proceeds and tax information relevant to the transaction.

Funds are distributed to investors registered bank accounts.

Capital Gains Exemption:
Profits from EIS shares are free from CGT shares were held by the original investors for at least three years, and income tax relief was claimed and not withdrawn.

Loss relief applies if an investee company is sold at a loss (net of income tax relief) or goes into administration and becomes of negligible value.

Investors can offset the loss (net of income tax reliefs) against either income or capital gains.

For higher-rate taxpayers (45%), this can reduce the net loss considerably.

Claims are made through HMRC Self-Assessment, using the EIS3 certificate and tax computation for the loss year.

The first point of contact is the investor portal: molten.mainspringfs.com

For direct assistance: You can contact us on eis@molten.vc and advisors can contact taxsolutions@ramcapital.co.uk