Venture Capital Trusts allow investors to contribute up to £200,000 and receive tax relief of 30%. This is in contrast to pension contributions which are capped at £50,000 per annum and are set to fall further to £40,000 per annum in the 2014/15 tax year.

Almary Green Managing director Carl Lamb said: "Venture Capital Trusts continue to make a compelling choice for sophisticated investors in search of decent returns as they remain one of the most tax efficient investments available.

"They offer investors the opportunity to invest in small, entrepreneurial companies, including start-ups and those listed on London's Alternative Investment Market with the potential for high growth."

Carl believes that more and more investors will consider the benefits of Venture Capital Trusts in light of the constant government meddling in pensions.

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"Pension investors have borne the brunt of government interference, most notably a series of reductions in annual pension contributions. This ongoing uncertainty surrounding pensions and what the government will seek to implement next has naturally left investors nervous.

"We are living in turbulent times, battling strong economic headwinds and government cuts. In this environment, the appeal of Venture Capital Trusts and the various tax breaks they offer is undeniable."