(PEP) A tax-free investment plan in the U.K. where individuals could invest in equities on a tax-free basis. This plan has now been closed to new investments and replaced with the Individual Savings Account (ISA).
Tax-efficient scheme for investing in shares , unit trusts, investment trusts, and corporate bonds. Since April 1999, PEPs have been replaced by the Individual Savings Account (ISA), which is a similar tax-free investment account.
Personal Equity Plans, or PEPs for short, are schemes which give UK resident investors the opportunity of investing in the stock market without paying tax. Investors can invest up to a certain ceiling (currently £9000) every year in shares, unit trusts and investment trusts, subject to certain conditions, and can take any income or capital gains from them completely free of tax.
An investment in shares, unit trusts or investment trusts where all the proceeds are currently free of income and capital gains tax. Depending on the lender, you can use PEP's to repay an interest only mortgage. The Government announced in 1997 their intention to launch Individual Saving Accounts (ISA's) from April 1999 to build upon the experience of PEP's and TESSA's. Existing PEP's were allowed to continue after April 1999 but you were not allowed to put any more money into them.
A personal equity plan (PEP) is a tax free investment plan. Income and capital gains from it are tax free. Since 6 April 1999, the PEP has been replaced by Individual Savings Accounts. ersonal pension plans : If you are employed but are not a member of your employer's pension scheme, or are self employed or in partnership, you can pay into a Personal Pension Plan. You can choose your own pension provider and how the funds are invested. Your contributions to your personal pension plan are subject to set limits based on your age and your net relevant earning. Payments to a personal pension plan qualify for tax relief.
Replaced in 1999 by individual savings accounts, a vehicle for UK individuals to invest a certain sum in equities each year without attracting income tax or capital gains tax.
A plan where people over the age of 18 could formerly invest in the shares of UK and other EC companies via an approved plan manager or through qualifying unit trusts and investment trusts and receive both income and capital gains free of tax.
Personal Equity Plan. This is a tax free way to own shares or unit trusts. You can also use PEPs as a way to repay an interest only mortgage with some lenders.
Savings plans replaced in 1999 by ISAs. Allowed investors to put £9,000 per year into equity-based investments and earn tax-free interest.
An arrangement as known as a PEP that allows a policyholder to pay money into a plan usually arranged by a n insurance company or Investment house. The plan is overseen by a manager who will use his expertise to invest the money.
A PEP allows you to invest in the stock market without having to pay tax on any profits made, or income/interest received. Since 5 April 1999 no further subscriptions can be made into a PEP. However, you can transfer existing Peps to another PEP manager.
A tax incentivised investment scheme. Now closed for new investment but existing plans can remain in existence.
Started in 1987. Up to April 1999 you were able to put up to £9,000 per year into equity-based investments in one of these and allow it to grow tax-free. They have been replaced by ISAs but existing PEPs can continue to grow in their tax-free state.
A tax incentive scheme for individual shareholders introduced in 1987. It allows investment in a number of shares and carries various tax benefits - all income from the shares re-invested in the PEP is free from income tax and profit from a sale is free from capital gains tax.
A Personal Equity Plan allows individuals to enjoy the profits from stockmarket-related investment free of income tax and capital gains tax. PEPs were introduced in 1987 but from 6 April 1999, new investment in PEPs is no longer possible. However, existing PEPs can continue in existence and for up to five years.
Tax-efficient wrapper for investments that shelters them from income and capital gains tax. Since April 1999, Peps have been replaced by the individual savings account (Isa), a similar tax-free investment account.
Investment scheme whereby investors buy shares through a PEP manager; all profits and dividends being tax free.
The savings plan allowing tax-efficient investment in stocks and shares, which was replaced by ISAs in 1999. Existing PEPs can continue to run but no further contributions are allowed.
A tax-efficient 'wrapper' for investments that shelters them from income tax and capital gains tax. PEPs were replaced by ISAs ( Individual Savings Accounts) in 1999.
Now scrapped way for UK individuals to invest a certain sum in equities each year without attracting income tax or capital gains tax. Replaced in 1999 by individual savings accounts (ISAs).
Introduced in 1987 and designed to promote saving by UK investors who are 18 or over. A limited amount could be invested each year. Personal Equity Plans (PEPs) are simple, flexible investment plans which invest in the stockmarket and benefit from special tax advantages. There is no minimum or maximum period for which investments must be held. These plans were replaced by ISAs from April 1999, but existing PEPs can remain in force.
A tax subsidy to encourage investment in European Union company shares and UK company bonds. An investor may set up a mainstream PEP and invest #6,000 in the PEP each year. Any income or capital gains generated within the PEP is tax free. If the PEP invests directly into shares and bonds, it must invest in shares listed on a European Stock Exchange or in a UK company’s listed bonds. If the PEP invests in unit trusts or investment trusts, those funds must invest at least 50% of their funds in such qualifying securities. In addition to the mainstream PEP, an individual may set up a single company PEP in which he may invest up to #3,000 a year. A single company PEP is only permitted to invest in the shares of one company.
Tax free investment contract allowing limited investment into equities and unit trusts. One only per year per person, and they have to be maintained for a full year to get full tax benefits.
In the United Kingdom a Personal Equity Plan is a form of tax-privileged investment account. They were introduced by Nigel Lawson in the 1987 budget for Margaret Thatcher's Conservative government to encourage equity ownership for in the wider population. PEPs were allowed to contain collective investments such as unit trusts.