Rules brief
Article Abstract:
UK persnal equity plans (Peps) allow tax benefits on investments up to 6,000 pounds sterling annually in general Peps and an additional 3,000 pounds sterling in single company Peps. Capital gains tax and income tax are not levied if investors abide by the rules. Assets can be transferred between wives and husbands. General Peps include collective investments such as unit trusts as well as investments in a number of companies. At least half the shares of the unit trust must be invested in European Union companies.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1996
User Contributions:
Comment about this article or add new information about this topic:
The sharpest deals for your Pep swan song
Article Abstract:
United Kingdom personal equity plans (Peps) are due to end in April 1999. They began in 1987, offering tax benefits for investors, and the biggest categories are self-select Peps and managed Peps. Charges are less important than the underlying fund's performance, when selecting managed Peps. Charges are more important for Peps that track indexes, since performance varies little between these types of Pep. Charges are important when investors select their own investments.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
User Contributions:
Comment about this article or add new information about this topic: