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 ?
THERE'S still time to pep up your savings with a tax-free Personal Equity Plan for 1995-96 - but get cracking!
The Celtic Personal Equity Plan was unveiled yesterday.
They reckon the abolition of the share-based Personal Equity Plan savings schemes in April will mean a stampede by savers this month.
Jargon and high charges put him off investing in a Personal Equity Plan. That should make him a target for the Government's new Individual Savings Accounts.
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).

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