Pepping up your building society winnings
Article Abstract:
Personal equity plans (Peps) can offer tax advantages to United Kingdom investors who have received freestocks from building societies. The charges of a Pep may be more than the tax benefits, so investors with few stocks may be better off not using Peps. Charges are less for recipients of Woolwich stocks if they meet a 42-day deadline. Investors can use single-company Peps or general Peps, and there are two types of general Pep, the managed and the self-select Peps.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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Keep those settlements rolling: the switch to five-day rolling settlement for shares is just three weeks away. How big an effect will it have on investors?
Article Abstract:
The time allowed for settling share transactions will be five business days from June, and many brokers are promoting their nominee accounts which allow the five day deadline to be met easily. However nominees are not suitable for most shareholders who only have a few shares and trade rarely. Most market makers will be willing to trade at T+10 at the same price as T+5 for at least a few months.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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