For example, Royal & Sun Alliance are giving four per cent discounts across their unit trust PEP
You can narrow the field of choice by consulting Chase de Vere's PEP
Guide (see examples below) and twice-yearly updates including performance charts, which cost pounds 12.
You can put up to pounds 6000 in a general PEP
in each tax year from April to April - and up to pounds 3000 in a single company PEP
Yet a recent survey conducted by the leading financial magazine, Money Management, surprisingly revealed that over 50 per cent of Pep
holders did not realise that one plan can be swapped for another.
Unlike building society accounts PEPs
carry risk, but there are plenty of funds to suit every type of investor.
So you can let your PEP
savings grow as close as you can to whatever the ISA limit becomes by April 1999 and you won't have to worry about paying tax because dividends will be free of income tax and growth free of capital gains tax both as a PEP
and when transferred into the new ISA.
The minimum investment in the Celtic PEP
is pounds 100 a month, or pounds 1000 if investing a lump sum.
invested in equity unit trusts, Invesco, Jupiter, Perpetual and Fidelity are thought to be leading the field.
Several will allow you to hold the conversion shares in the PEP
Many people with savings in a building society with low interest rates, or maturing TESSA funds, could benefit from investing in a PEP
Despite the frenzy as interest rates fall, long-term capital growth remains the aim for the majority of potential Pep
investors, said a study from MORI for Marks & Spencer Financial Services.
track the performance of the Stock Market, others offer guarantees, while some are aimed at older people looking for a good income.