Abstracts » Retail industry

Reasons to climb aboard the last PEP bandwagon

Article Abstract:

A personal equity plan (PEP) acts as a a tax-free wrapper which can be placed around various types of investments. There are no tax liabilities on income or gains from PEP investments. Individuals may invest up to 6,000 pounds sterling a year in a general PEP, which can be managed or self-select. The most common PEPs are unit trust, with the investor purchasing units in the trust. The units are sold back to the manager when the investor wishes to cash in the investment.

Personal Investing, Analysis

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Add some PEPs to future plans

Article Abstract:

It is important that those who earn a reasonably high salary consider how they can use tax-free investments to maximum benefit. In particular, it would be wise to take advantage of the tax-free allowances in personal equity plans (PEPs) before they are wound down, probably from Apr 5, 1999. PEPs are attractive vehicles for maximizing long-term capital growth. Tessas are also attractive investment options, but other types of investment may offer better capital growth.

Personal Financial Mgmt, Evaluation

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