A share exchange
Article Abstract:
United Kingdom personal equity plans (Peps) will no longer provide a tax-free income from stocks after April 1999, so investors should benefits from Peps while they can. Investors with a number of small stockholdings can swap stocks for a Pep investment, though this is classed as a disposal for the purposes of calculating capital gains tax liabilities. The market selling price is usually paid for stocks sold by private investors, though managers may pay the buying prices, which is higher, when they buy stocks for their funds.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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The three strands of Isas
Article Abstract:
Individual savings accounts (Isas) offer tax advantages to savers in the United Kingdom, and they can include life insurance, cash and stocks. Savers can use separate managers for each component. Cash deposits can be made at a range of institutions such as bank accounts and unit trusts. Life insurance has to be in the form of a single premium and cover the life of the investors in the Isa. The government has to announce final regulations relating to terms, access and costs.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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Hit singles
Article Abstract:
United Kingdom single company personal equity plans (Peps) offer tax advantages to investors who invest 3,000 pounds sterling, an investment limit which is available in addition to the 6,000 pounds for general Peps. This type of investment is risky, so advisers recommend that a general Pep alowance be used prior to a single company allowance. Owners of privatization or windfall stocks may wish to use this type of Pep, and they should assess charges for setting up the Pep.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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