PEPs have been replaced by stocks and shares ISAs from 6 April 1999:-
- No new PEPs can be taken out after that date
- PEPs already in place at that date can remain
- The rules for PEPs were changed (with effect from 6 April 2001) to bring them in line with the rules for stocks and shares ISAs
A PEP is a vehicle for tax free investment in of shares and securities
A PEP offers the same tax benefits as a stocks and shares ISA:-
- You don't pay income tax on the income from it
- You don't pay Capital Gains Tax on gains arising from it
- You can take your money out at any time without losing tax relief
Please contact us to discuss how we can help you.
Remember:-
- The value of your investments can rise & fall
- You might not get back a significant amount of your investment
- Past performance may not be repeated
