Compare UK Seed Enterprise Investment Scheme (SEIS) funds and managed portfolios by minimum investment, strategy, diversification, target deployment and fees.
SEIS investments back very early-stage companies. They are very high risk, illiquid and you could lose all the money you invest.
Tax benefits depend on your circumstances and current rules. Tax relief should not be the main reason for choosing an investment.
Last checked: 10 Aug 2026
Very high risk
You could lose all the money you invest.
Illiquid
There is usually no ready market for SEIS shares.
Early-stage companies
Many investee businesses will have limited operating histories.
Tax relief has conditions
Relief depends on the investment and investor continuing to meet SEIS rules.
Before you compare
Early stage
SEIS companies are generally younger and smaller than typical EIS companies.
Long term
You may need to remain invested for many years.
Diversification matters
Individual early-stage companies have a high failure risk.
Tax is secondary
Tax relief can reduce risk exposure but does not make an investment safe.
These offers are not shown in the main comparison. Details may be useful for context only.
Guinness Founders SEIS · Guinness Ventures
QVentures SEIS Investment Fund · QVentures
How an SEIS fund works
Step 1
Investor subscribes
You apply for a current SEIS fund or managed portfolio offer.
Step 2
Manager assesses companies
The manager reviews early-stage qualifying businesses.
Step 3
Capital is deployed
Funds are invested across qualifying companies over a target period.
Step 4
Holdings are allocated
You receive individual company holdings or a managed portfolio structure.
Step 5
Companies attempt to grow
Some companies may fail; others may grow and eventually exit.
Step 6
Exit is uncertain
Successful exits are not guaranteed and can take many years.
Deployment, company selection and exits are not guaranteed.
Why diversification matters more with SEIS
SEIS companies are at a particularly early stage. A diversified portfolio can reduce dependence on any one company, although diversification does not prevent losses.
5 companies
Highly concentrated
10 companies
More diversified
20 companies
Broader spread
Portfolio quality, sector concentration and entry valuation also matter — company count alone does not determine risk.
What does a 3x or 5x target actually mean?
If a fund targets 5x, the manager is targeting a portfolio value equal to five times invested capital over its stated timeframe. It does not mean annual 500% return, a guaranteed return, or that every company returns 5x.
Amount invested
£10,000
5x target
Illustrative
Illustrative target value
£50,000
Actual returns could be substantially lower, including zero.
Current SEIS tax rules
SEIS tax relief at a glance
50% Income Tax relief
Qualifying SEIS subscriptions may receive Income Tax relief of up to 50%, limited by your Income Tax liability.
£200,000 annual limit
You can claim SEIS Income Tax relief on qualifying subscriptions up to £200,000 per tax year.
3 years qualifying period
Tax relief can be reduced or withdrawn if qualifying conditions stop being met during the relevant period.
Capital gains reinvestment relief
Up to 50% of an eligible capital gain reinvested into qualifying SEIS shares may potentially qualify for reinvestment relief.
Loss relief
Additional loss relief may be available where qualifying investments fail, subject to circumstances.
Tax treatment depends on individual circumstances and rules can change. (2026/27; rules last checked 9 August 2026.)
SEIS tax relief can improve the tax outcome of a qualifying investment, but it does not protect your capital or make a weak start-up a good investment.
Tax relief calculator
Illustrate potential SEIS Income Tax relief
Uses the current 2026/27 relief rate of 50% from our central SEIS tax rules. Illustrative only — not advice.
Current relief rate: 50% · Annual investor limit used in this illustration: £200,000
Illustrative result
Potential upfront Income Tax relief
£5,000.00
Illustrative initial outlay after relief
£5,000.00
Subscription used for relief calc
£10,000.00
Illustrative only. Actual relief depends on qualifying shares, investor eligibility, sufficient Income Tax liability, current legislation and continued compliance with SEIS conditions. This calculator does not estimate investment returns, guaranteed profit or guaranteed loss relief.
Tax relief does not mean your downside is limited to the illustrated net outlay.
SEIS vs EIS
Feature
SEIS
EIS
Company stage
Very early stage
Early-stage / growth
Income Tax relief
Up to 50%
Up to 30%
Annual qualifying investment limit
£200,000
Use current EIS rules
Minimum holding period
3 years
3 years
Typical risk
Very high
High
Tax relief levels do not indicate investment quality or suitability.
Fees can materially reduce the amount invested or future returns. Do not invent or assume provider fees — check the current offer documents where figures are unverified.
Initial fee
Charges applied when you subscribe.
Annual management fee
Ongoing charge for managing the portfolio.
Performance fee
Additional fee if performance hurdles are met.
Administration costs
Other running costs disclosed in offer documents.
Platform / adviser fees
Separate charges depending on how you invest.
Why SEIS companies are particularly high risk
Limited trading history
Many investee companies are young with unproven models.
Small management teams
Key-person risk can be significant.
Funding risk
Companies may need further capital to survive.
Product / market risk
Products may not achieve product-market fit.
Valuation uncertainty
Private valuations can be hard to verify.
Illiquidity
Shares may be difficult or impossible to sell early.
Dilution
Later funding rounds can reduce ownership.
Company failure
A high proportion of very early-stage companies may fail.
A high proportion of very early-stage companies may fail.
Manager experience matters
Consumers should compare manager experience carefully. Do not rank managers using unverifiable headline returns.
Years investing
Number of companies backed
Capital deployed
Number of exits
Number of failures
Realised vs unrealised performance
Experience supporting early-stage founders
Who might consider SEIS?
Educational only — not advice.
May be worth exploring if
· You understand very high-risk private-company investing
· You can tolerate total loss
· You have a long investment horizon
· You already hold a diversified mainstream portfolio
· You do not need access to the money
· You understand SEIS tax rules
May be less suitable if
· You need capital security
· You need predictable income
· You might need the money soon
· You cannot tolerate losing the full amount
· You are investing primarily for tax relief
· SEIS would represent a large part of your overall wealth
Before investing in an SEIS fund
☐What stage are the investee companies?
☐What sectors does the manager target?
☐What is the target portfolio size?
☐How diversified is the strategy?
☐What is the minimum investment?
☐What deployment period is targeted?
☐Is the deployment period guaranteed? (No.)
☐What initial fees apply?
☐What annual fees apply?
☐Is there a performance fee?
☐What is the manager's track record?
☐How many previous companies have failed?
☐What exits has the manager achieved?
☐Can I tolerate total loss?
☐Can I hold for many years?
☐Am I relying too heavily on the tax relief?
☐Have I read the KID / Information Memorandum?
☐When was the data last verified?
Common questions about SEIS
The Seed Enterprise Investment Scheme is a UK tax-advantaged scheme designed to support investment into very early-stage qualifying companies.
Investors subscribe to qualifying shares, often via an SEIS fund or managed portfolio. The manager deploys capital into early-stage companies. Tax relief may apply where conditions are met.
SEIS is very high risk. Investee companies are typically early-stage and many may fail. You could lose all of your money.
Yes. You could lose all the money you invest.
Under current rules, SEIS Income Tax relief can typically be claimed on qualifying subscriptions up to £200,000 per tax year, subject to eligibility.
Qualifying SEIS subscriptions may receive Income Tax relief of up to 50%, limited by your Income Tax liability and current rules.
Tax relief commonly depends on shares continuing to meet qualifying conditions for 3 years. An investment exit can take much longer.
Yes. Relief can be reduced or withdrawn if qualifying conditions stop being met.
Where eligible, reinvesting a capital gain into qualifying SEIS shares may attract Capital Gains reinvestment relief under current rules, subject to conditions.
Qualifying disposals may be exempt from Capital Gains Tax where Income Tax relief was obtained and relevant conditions are met under current rules.
Additional loss relief may be available where qualifying investments fail, subject to circumstances. Loss relief does not restore the full investment.
There is no fixed investment term. Exits can take many years and are not guaranteed.
Usually it is difficult or impossible to sell early because there is often no ready market. Early disposal can also affect tax relief.
An SEIS fund pools investor capital and invests across a portfolio of qualifying early-stage companies under a stated strategy.
A managed SEIS portfolio is a manager-led structure that selects and invests across qualifying companies on investors’ behalf.
There is no single right number. More holdings can reduce single-company concentration, but diversification does not prevent losses.
Managers may charge initial, annual and performance fees. WiT Money only shows numerical fees where verified; otherwise check the offer documents.
A 5x target means the manager is targeting a portfolio value equal to five times invested capital over its stated timeframe. It is not an annual return figure.
No. Target returns are not guaranteed. Actual outcomes can be substantially lower, including zero.
SEIS focuses on very early-stage companies with higher Income Tax relief rates and a lower annual investment limit. EIS generally covers a broader early-stage/growth universe with different relief rates.
A VCT is a listed trust investing in a portfolio of companies under VCT rules. SEIS typically involves investing into companies via a fund/portfolio or directly, with different tax rules and liquidity.
Do not assume the FSCS covers losses on the underlying SEIS company shares. Check the FSCS position for your circumstances.
Our methodology
How we compare SEIS investments
Current offer status
Structure
Minimum investment
Portfolio focus
Diversification
Target deployment
Verified fees
Manager information
Source freshness
We do not rank SEIS investments by the highest target return.
We do not rank by the largest tax benefit.
Commercial relationships do not determine factual product information.
How we review SEIS investments
Last checked: 10 Aug 2026. Features last checked: 10 Aug 2026.