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 ?
Which Chancellor of the Exchequer introduced personal equity plans (PEPs)?
Good news too for older savers who invested in ISAs' forerunners - the Personal Equity Plans or PEPS.
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.
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.
Individual Savings Accounts (ISAs) were introduced by Labour in April 1999 to replace Personal Equity Plans (PEPs).
QI HAVE a variety of Personal Equity Plans with various companies which have done pretty well over the past seven years.
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.
UP to pounds 1billion will be poured into personal equity plans (PEPs) in the next two weeks.
Personal Equity Plans offer tax-free growth in the fund and you have access to your cash any time you need it.
5 billion in segregated and pooled pension fund accounts, unit and investment trusts, offshore funds, an absolute return fund, Personal Equity Plans and Individual Savings Accounts.
We have built up a considerable amount in Personal Equity Plans, Mini Cash Isas and Equity Isas.
New subscriptions to personal equity plans (PEPs)and tax-exempt special savings accounts (TESSAs) were stopped,and Individual Savings Accounts (ISAs) were introduced to replace them.

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