What is it?
A discretionary service with a central objective of capital preservation paying a target income of up to 4.125% p.a.*, paid quarterly by preference share dividend. We anticipate that the shares an investor purchases should qualify for Business Relief after only two years and therefore qualify for 100% relief from Inheritance Tax if still held at the time of their death.
How is the investment made?
Funds will be used to provide secured Asset Based and Property lending. We offer two income options:
Investment Option 1 – Seneca Legacy has a central objective of capital preservation with a target return of 3.0% p.a.* paid by preference share dividend.
Investment Option 2 – Seneca Quest balances the objectives of capital preservation with a higher target return of 5.25% p.a.* paid by preference share dividend.
You can opt to invest up to half of your Subscription into Investment Option 2 (minimum £25,000) with the remainder invested in Investment Option 1.
Can I access my investment?
Investors can give 3 months notice for the return of capital, subject to certain conditions.
How much can I invest?
The minimum initial investment is £50,000 overall and £25,000 per investment option chosen.
For any additional investments the minimum amount is £25,000.
How do I invest?
Firstly, we would ask you to read the Information Memorandum to provide you with further information about the risks involved and details about this service.
Secondly, if you are happy to continue please download and complete the relevant application form.
If you are an individual wishing to invest in your own name, please download the Individual Application Form.
If you are a Representative under a Power of Attorney, please download the Representative Application Form.
If you are a Trustee, please download the Trustee Application Form.
* Target returns are not guaranteed and you may get back less than you invest.