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 ?
Life insurance policies - Investment Bonds, - Equity-based ISAs - Personal Equity Plans (PEPs), - Unit Trusts, - Investment Trusts.
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.
I also have pounds 50,000 invested in Shares ISAs and Personal Equity Plans.
ISAs replaced personal equity plans (PEPs) in 1999 but the tax allowance has not kept pace with inflation.
I have been reading that it is now possible to invest into property via personal equity plans (Peps) and individual savings accounts (Isas).
They found Owen had substantial amounts of money in bank accounts, personal equity plans and ISA accounts.
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.
Its services support a comprehensive range of UK investment products, including Unit Trusts, OEICS, SICAVs, Investment Trust Savings Schemes, Equities, Personal Equity Plans (PEPs) and Individual Savings Accounts (ISAs) (mini and maxi).
Early ISA customers will largely migrate from personal equity plans (PEPs).
ALOT has been written about the demise of Personal Equity Plans and the appearance of the new Individual Savings Accounts, or ISA as they will be known.
You have just over three months in which to tuck it into tax-free personal equity plans (PEPs) or a tax-exempt special savings account (TESSA) - before the doors slam shut on starting any more of these schemes.

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