Personal Equity Plan - PEP

AAA

DEFINITION of 'Personal Equity Plan - PEP'

An investment plan in the U.K. that used to allow people over the age of 18 to invest in shares of U.K. companies. It was done through an approved plan, qualifying unit trust, or investment trust. Investors received both income and capital gains free of tax.

INVESTOPEDIA EXPLAINS 'Personal Equity Plan - PEP'

The plan encouraged investment by individuals. Discontinued in 1999, it was replaced by Individual Savings Accounts (ISA).

RELATED TERMS
  1. Income

    Money that an individual or business receives in exchange for ...
  2. Capital Gain

    1. An increase in the value of a capital asset (investment or ...
  3. Equity

    1. A stock or any other security representing an ownership interest. ...
  4. Investment

    An asset or item that is purchased with the hope that it will ...
  5. Unit Trust - UT

    An unincorporated mutual fund structure that allows funds to ...
  6. Savings Account

    A deposit account held at a bank or other financial institution ...
Related Articles
  1. Break Into Forex In 12 Steps
    Forex Education

    Break Into Forex In 12 Steps

  2. Exploring European Options
    Options & Futures

    Exploring European Options

  3. Go International With Foreign Index ...
    Mutual Funds & ETFs

    Go International With Foreign Index ...

  4. Getting Started In Forex Options
    Options & Futures

    Getting Started In Forex Options

comments powered by Disqus
Hot Definitions
  1. 80-10-10 Mortgage

    A mortgage transaction in which a first and second mortgage are simultaneously originated. The first position lien has an ...
  2. Passive ETF

    One of two types of exchange-traded funds (ETFs) available for investors. Passive ETFs are index funds that track a specific ...
  3. Walras' Law

    An economics law that suggests that the existence of excess supply in one market must be matched by excess demand in another ...
  4. Market Segmentation

    A marketing term referring to the aggregating of prospective buyers into groups (segments) that have common needs and will ...
  5. Effective Annual Interest Rate

    An investment's annual rate of interest when compounding occurs more often than once a year. Calculated as the following: ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center