Blinded by the spectre of Hector
Article Abstract:
Anybody who has not taken advantage of the tax-free investment opportunities offered by Personal Equity Plans (PEPs) and Tax Exempt Savings Accounts (Tessas), or who has less than 50,000 pounds sterling invested in them, should consider using them to maximum advantage before the introduction of the Individual Savings Account in Apr 1999. However, it is important realize that both Tessas and PEPs are medium- to long-term commitments. There is some risk associated with PEPs, as they are stock market investments. A Tessa is only tax-free if it runs for the whole term.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1998
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Be ready now the CATs are out of the bag
Article Abstract:
The UK Treasury hopes that its CATmarks system, emphasizing low Charges, easy Access and fair Terms, will act as a benchmark for the new Individual Savings Accounts (ISAs). Companies wishing to obtain a CATmark for their ISA must charge no more than 1% in annual management fees, with minimum investment being no more than 50 pounds sterling a month or 500 pounds sterling for lump sums. Fund management concerns are strongly opposed to CATmarks, claiming that some savers will be led to believe that a CATmark is an indication of some form of government approval.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
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