Personal equity plan - A plan where people over the age of 18 could formerly invest in the shares of UK and other EC companies via an approved plan manager or through qualifying unit trusts and investment trusts and receive both income and capital gains free of tax.Maximum investment amounts were £6,000 for a general PEP and £3,000 for a single company PEP per tax yearPEPs were discontinued on 6th April 1999 and replaced by individual savings accounts (ISAs). PEPs in existence were allowed to continue to grow with similar tax privileges.
Personal equity plan : a plan where people over the age of 18 could formerly invest in the shares of uk and other ec companies via an approved plan manager or through qualifying unit trusts and investment trusts and receive both income and capital gains free of tax.maximum investment amounts were £6,000 for a general pep and £3,000 for a single company pep per tax yearpeps were discontinued on 6th april 1999 and replaced by individual savings accounts (isas). peps in existence were allowed to continue to grow with similar tax privileges.
Personal equity plan