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Personal Equity Plan

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Personal Equity Plan
An investment vehicle formerly used in the United Kingdom to encourage investment by small investors. PEPs could invest in unit trusts, investment trusts, and some other collective investment vehicles on an individual basis. Gains from PEPs were largely tax-free, though these privileges gradually eroded until individual savings accounts replaced PEPs entirely in 1999.


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PEPs and ISAs Individual savings accounts (ISAs) replaced Personal Equity Plans (PEPs) a few years ago.
Under the changes, which will come into force next April, savers will also be able to transfer money saved in cash into shares, and all personal equity plans will become stocks and shares ISAs.
Good news too for older savers who invested in ISAs' forerunners - the Personal Equity Plans or PEPS.
 
 
 
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