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
Personal Equity Plans
have become Stocks and Shares ISAs.
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
Which Chancellor of the Exchequer introduced personal equity plans
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.