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 the second it was found guilty of failing to run its Personal Equity Plan administration in a proper manner.
S INCE Personal Equity Plans were first introduced back in 1988, a couple who have invested the maximum amount each year could have salted away nearly pounds 150,000 out of the Taxman's reach.
Because these shares are being issued FREE, you can put them into a tax- free Personal Equity Plan and still retain your right to tuck up to pounds 6,000 worth of other share investments into a general PEP in 1997-98.
BARCLAYS guaranteed personal equity plan which invests in Britain's top 100 companies offers a capital money-back guarantee after five years.
I wanted a secure and rising income and, by putting into a Personal Equity Plan, it was also tax-free.
You've got three months, till April 5, to salt away up to pounds 6,000 per adult, tax free, into a general personal equity plan and pounds 3,000 into a single company PEP.
Shares, unit trusts and investment trusts can be sheltered from tax in a personal equity plan (PEP).
Personal equity plan sales went out with a bang in the last few weeks before their abolition on April 5, according to figures released yesterday by the Association of Unit Trusts and Investment Funds (Autif).
If you aren't working, you could save spare cash tax free in a Personal Equity Plan instead.
The couple also set up a personal equity plan with Scottish Widows.
Susan - who travels four times a week by train from Glasgow to Falkirk to work -started up a Personal Equity Plan with Abbey National just over three years ago.
But if you want some savings that are easily accessible put some cash into a shorter-term account or a tax-free Personal Equity Plan.

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