PEPs were introduced in 1986 to encourage share ownership. The attraction of the schemes was that both income and capital gains were free of tax. Originally, the maximum investment was £2,400 per year. This figure was later increased and the scope of the investment widened. No new investment can be put into PEPs since 5th April 1999, but existing plans can continue without affecting ISA allowances.

If you own a PEP and would like to continue using it as a tax free wrapper for your share holdings, then please contact ifasw.co.uk. As no new PEPs are available, it is very important to maintain existing plans where possible, but of course this should only be done if you are happy with the underlying investments. ifasw.co.uk can put you in touch with an experienced adviser in your area, an expert in selecting investments for their clients. These specialists use the latest technology in order to find the most suitable policies available and being independent, they have access to every product in the marketplace. If you would like to discuss PEPs without obligation, or just have a few questions about them, then remember ifasw.co.uk. We are here to help you - Just ask us by clicking here!