'PEP' up your savings

摘要

Have you seen all the newspaper adverts for PEPs? There's lots of competition, offers and conflicting opinions. The aim of this brief article is to assist you with a clearer understanding of PEPs and how they can work for you. A PEP, or 'Personal Equity Plan', is a plan that enables you to invest in stockmarkets, tax-free. The key advantage of a PEP over many other forms of investment is its tax-free status. Any profit you make from a PEP is returned to you untouched by the Inland Revenue.