Their fair share of the market
Article Abstract:
Personal equity plans (PEPs) were launched in 1986 to encourage more extensive ownership of shares in British companies. Investments of up to 2,400 pounds sterling in the PEPs means relief from all income tax and capital gains tax obligations for the investment return after the end of the tax year. Investor interest in the PEPs, dampened by steep charges and numerous restrictions in the early years, has increased tremendously after rules governing these plans were relaxed in 1989 and 1991. In 1991-92, total investments in PEPs exceeded 2.5 billion pounds. Investing in PEPs requires careful planning considering that there are more than 300 different types to choose from. Information about PEPs may be obtained from business magazines such as What Investment and from the book 'Chase de Vere PEP Guide.'
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
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Individual voluntary arrangements: a valuable breathing space
Article Abstract:
An individual voluntary arrangement (IVA) provides relief to an undischarged bankrupt or to an insolvent person desiring to file for bankruptcy. Such an arrangement offers protections and incentives that may even increase dividends for creditors and save debtors from bankruptcy. IVAs are governed by the Insolvency Act 1986, sections 252 to 263, and by Rule No 5 of the Insolvency Rules 1986 (SI 1986 No 1925). Debtors may apply for IVA by having an IVA proposal prepared by a licensed insolvency practitioner. It is essential for this proposal to explain the need for the IVA and the reasons why it should be supported by creditors. Acceptance of the proposal in the creditors' meeting will bind all creditors who were notified of and could vote at the meeting to the terms of the arrangement.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
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S 226, PPP or both?
Article Abstract:
S 226 and personal pension plans (PPP) are two types of pension arrangements that offer several advantages over other kinds of personal investments, including tax concessions for non-pensionable employees. Both plans allow the self-employed and retirees from non-pensionable jobs to avail of their benefits as a pension or as a reduced pension with additional cash that is tax-free. PPP and S 226 are flexible, in that both may be effected on a with-profits, unit-linked or deposit basis. Individuals also have the option to pay contributions on a regular premium or single premium basis.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1991
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