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.

personal equity plan (PEP)

a scheme introduced by the Government in 1987 to encourage small savers to invest tax-free in UK ORDINARY SHARES. PEPs were replaced in 1999 by INDIVIDUAL SAVINGS ACCOUNTS.

personal equity plan (PEP)

a scheme introduced by the UK government in 1987 to encourage small savers to invest tax-free in UK ORDINARY SHARES. PEPs were replaced in 1999 by INDIVIDUAL SAVINGS ACCOUNTS.
References in periodicals archive ?
In October, Virgin Direct financial services, run by Richard Branson, portrayed them being blown away by a gale-force wind whipped up by Virgin which had just launched a personal equity plan.
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.
ISAs replaced personal equity plans (PEPs) in 1999 but the tax allowance has not kept pace with inflation.
They found Owen had substantial amounts of money in bank accounts, personal equity plans and ISA accounts.
France encourages taxpayers to invest in personal equity plans through tax benefits (reductions in income tax).
The report says that in reality they have proved no better at reaching low-income households than the Conservative schemes they replaced - Personal Equity Plans and Tax Exempt Special Savings Accounts.
Early ISA customers will largely migrate from personal equity plans (PEPs).
The group manages segregated and pooled pension fund accounts, authorized unit trusts, offshore funds, individual savings accounts and personal equity plans.
Which Chancellor of the Exchequer introduced personal equity plans (PEPs)?
I also have pounds 50,000 invested in Shares ISAs and Personal Equity Plans.
Under other reforms announced yesterday, child trust funds will now be allowed to roll-over into ISAs on maturity, and personal equity plans will be brought within their wrapper.

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