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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
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References in periodicals archive ?
Good news too for older savers who invested in ISAs' forerunners - the Personal Equity Plans or PEPS.
Your MONEY: Savers to reap rewards with ISAs revamp; CASHPOINT
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.
ISAs are here to stay, says Balls
The 33-year-old was made a manager with Wise Speke in Pilgrim Street, Newcastle, in 1997 with responsibility for the transfer of personal equity plans.
Manager jailed for pounds 376,000 deception
Individual Savings Accounts (ISAs) were introduced by Labour in April 1999 to replace Personal Equity Plans (PEPs).
FAMILY FINANCE: Saved at the last minute; With Britons wallowing in pounds 1tn of unsecured debt, Gordon Brown's decision to extend ISA limits until 2010 is good news
HAVING invested in Personal Equity Plans (PEPs) since 1988, my wife and I have built up good portfolios.
MONEY WATCH; I don't want to take risks with my investment
Most of these will be people who already have tax-free PEPs (Personal Equity Plans) and TESSAs (Tax Exempt Special Savings Accounts).
MONEY; Savers snub hype over tax-free ISA
QI HAVE a variety of Personal Equity Plans with various companies which have done pretty well over the past seven years.
Safer investment
You've got until late March to make the move and tuck up to pounds 18,000 per couple in personal equity plans and earmark up to another pounds 9,000 for a TESSA before these tax-free vehicles drive off into the sunset.
Money matters: Last chance on PEPs
UP to pounds 1billion will be poured into personal equity plans (PEPs) in the next two weeks.
THE GREAT PEP RUSH...pounds 2bn INVESTED IN TWO WEEKS
They know that in the next few weeks, half-a-million savers could be moving pounds 1.6 BILLION into Personal Equity Plans.
Mail on Money; PEP TALK!
The rule change allows property funds to be included in Individual Savings Accounts (ISAs), Personal Equity Plans (PEPs) and Child Trust Funds (CTFs) for the first time.
Why tax break is still on
We have built up a considerable amount in Personal Equity Plans, Mini Cash Isas and Equity Isas.
Since you ask

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