Puma Heritage Estate Planning Service

Open for investment

0%

Capital losses to date

88/100

Tax Efficient Review

December 2023

 


Puma Heritage Estate Planning Service (EPS) is an investment solution that aims to provide investors with 100% relief from inheritance tax after two years. It invests your funds in private trading companies seeking stable returns. High-quality assets underpin these companies and have a conservative trading strategy.

Six reasons to choose the Puma Heritage EPS

We believe that the following six features make Puma Heritage EPS a compelling investment for investors looking to manage their estate tax efficiently. 

1.

Track record

2.

Liquidity

3.

Institutional grade lending

4.

Independent oversight

5.

Diversification

6.

A positive impact

1. Track record

Consistently delivering in excess of our target return of 3% pa, with 0% capital losses to date. Our expert in-house team has been through the 2008 financial crisis and the pandemic, when we continued to deliver consistent returns.

Please see our latest quarterly report for performance data since inception.

2. Liquidity

By investing in companies focused on short-term secured property loans the Service regularly generates cash, creating natural liquidity. This makes it easier for you to access your investment, should you choose to.

3. Institutional grade lending

We have an established institutional grade in-house lending team that has secured £500 million in funding lines from institutional investors. This provides reassurance that our processes, systems and controls have been thoroughly tested to institutional standards.

4. Independent oversight

Puma Heritage Ltd benefits from an independent Board of experienced senior directors with substantial lending expertise. Every loan requires the approval of the Board.

5. Diversification

Highly diversified across different geographies and sectors throughout the UK and different loan terms. This helps us maintain a conservative risk profile.

6. A positive impact

An investment strategy that makes a positive impact on communities across the UK, lending to developments that help improve social infrastructure.

Track record

Puma Investments, together with its subsidiary, Puma Property Finance Limited, has been involved in secured lending for over 15 years.


As Investment Manager to the Service, Puma Investments advises the Service’s portfolio companies, helping these companies to identify, due diligence, execute, and monitor high-quality transactions.


The Service’s portfolio companies benefit from the multi-disciplinary in-house expertise at Puma Investments, which comprises experienced underwriters, legal, finance, and risk professionals. The Puma Heritage Estate Planning Service invests in private trading companies, including Puma Heritage Ltd, that have a conservative trading strategy focused on secured lending.

 

Consistent growth of Net Asset Value (NAV) per share

Key Stats
£25.5m

new loans made in this quarter

3.3%

total shareholder return for growth shares in the 12 months to 31 March 20241

62.5%

weighted average LTV

The performance data in the graph shows Puma Heritage Ltd’s shareholder return net of ongoing annual fees payable to Puma Investments. It does not take account of initial or dealing fees associated with investing in the Puma Heritage EPS. The graph shows the net asset value performance of the growth shares in Puma Heritage Ltd on the same basis.

 

1 The total shareholder return is calculated using the net asset value of Puma Heritage Ltd, and is net of ongoing annual fees payable to Puma Investments. It does not take account of initial and dealing fees associated with investing in the Puma Heritage EPS. 

 

Note: Past performance is no indication of future results, and share prices and their values can go down as well as up. Please refer to the fees further down the page. Figures correct at 31 March 2024 and may be subject to rounding errors. Source: Puma Heritage Ltd.

Puma Heritage Limited most recent NAV

These values are shown as estimates, as they have not been audited. To find the annual audited figures please see the Puma Heritage Limited Annual Accounts.

 

129.30p

101.91p

Estimated NAV per Growth Share

Estimated NAV per Income Share

Figures correct at 30 April 2024. Note: Past performance is no indication of future results and share prices and their values can go down as well as up. Source: Puma Heritage Ltd.

Full historical NAV data for Puma Heritage Limited can be found here.

Sector breakdown of loans

% of amount deployed

 

Figures correct at 31 March 2024 and may be subject to rounding errors. Source: Puma Heritage Ltd. Past performance is no indication of future results, and share prices and their values can go down as well as up.

  • 1
    Care homes
  • 2
    Student accommodation
  • 3
    Retirement living
  • 4
    Serviced apartments
  • 5
    Residential
  • 6
    Life Sciences
  • 7
    Commercial
  • 8
    Co-living
  • 9
    Mixed use
  • 10
    Build-to-rent
  • 11
    Hotel
  • 12
    Nursery

Independent expert oversight

Portfolio companies benefit from an independent Board comprising highly experienced senior independent directors, panels of expert professional advisers, and independently audited.

 

 

Michael Posen

Chairman, Puma Heritage Ltd

Graeme Alfille-Cook

Director, Puma Heritage Ltd

Michael van Messel

Director, Puma Heritage Ltd

Fees and charges

PUMA INITIAL FEE

1.5%

of the application amount

PUMA DEALING FEE

1%

applied to the purchase and sale of shares in portfolio companies

DEFERRED ANNUAL ONGOING FEE

1% + VAT pa

deferred and only paid in full by each portfolio company if the company achieves a minimum return of 3% pa

Note: The private trading portfolio companies of the Service are responsible for their operating costs including audit, directors’ and administration fees. Puma Investments may receive transaction, monitoring and business support fees from portfolio companies of the Service.

 

Please be advised there are changes being made to the Service fee structure as of 1 July 2024. Investors in the Service will be notified of this change not less than 30 days before the amendment goes into effect. Prospective investors should discuss the upcoming fee amendments with their Financial Adviser before subscribing to the Service.

Risk factors

An investment in the Service carries risk and 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.

Past performance: Past performance is no indication of future results and share prices and their values can go down as well as up.

Tax reliefs are not guaranteed: Tax reliefs depend on individuals’ personal circumstances and minimum holding periods, and may be subject to change.

You may lose money: An investment in smaller companies is likely to be higher risk than other investments. Investors’ capital may be at risk and investors may get back less than their original investment.

Long-term investment: An investment in the Service should be considered a long-term investment.

Potentially illiquid investment: Private trading company shares are illiquid. They are characterised by significant spreads and low trading volumes. It may prove difficult for investors to realise immediately or in full proceeds from the sale of such shares.

Life protection: Life protection for the Puma Heritage Estate Planning Service is subject to certain conditions, if these conditions are not met in full then Puma Investments will not be paid out and so no payment will be made to beneficiaries.

Figures on this page are taken from Puma Investments and are correct as of 31 March 2024 unless stated otherwise.