Timing is crucial in hunt for Pep bargains

Article Abstract:

UK fund managers are seeking to attract investors by arguing that tax privileges for personal equity plans (Peps) may be removed with a change in government. The period of intense marketing tends to last from the New Year to April each year. Investors should not make decisions for tax reasons alone, nor for fear of a change of government, but should assess whether they will obtain a good return. UK share prices are high in Jan 1997 and there is a danger that investors could buy exposure to shares at the peak of the market. The performance of a Pep is also more important than charges, since cheap products are not always the best.

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Compliments of the Pep season

Article Abstract:

UK personal equity plans (Peps) were launched in 1987 in order to encourage saving over the long term. UK residents can invest up to 6,000 pounds sterling in general company Peps, and up to 3,000 pounds in single company Peps. Income and capital gains are free of tax, but certain conditions have to be adhered to. Investors must be UK residents aged over 18-years-old, and shares have to be manager by an authorized manager. Only one Pep manager can be used during a tax year, and plans have to be transferred to a new manager if investors want to change their manager.

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