What are Personal Equity Plans?
Personal Equity plans are tax efficient investments, usually in unit trusts or investment trusts. All income and capital gains from PEP investments are free from higher rate income tax and from capital gains tax. There is no fixed investment term for PEPs, so you can save for as long or as short a period as you wish. Interest payments receive a 20% tax rebate (i.e. Corporate Bond Funds holding at least 60% in qualifying corporate issues).
