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PEPs Personal Equity Plans
the pre-cursor to ISAs - these tax exempt savings
schemes are now closed to new money but are guaranteed
to remain tax-exempt until at least 2010. If you
don't already have a PEP, then you are too late
for one now. If you do have one or more PEPs then
you might want to consider consolidating them
so that you can manage them yourself. Self-select
PEPs have many advantages over unit trust PEPs,
for instance the ability to be in cash during
period of market uncertainty and the ability to
switch between and to mix different classes of
security - shares, bonds, unit trusts, OEICs etc
- all within one consolidated portfolio.
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