: About Me

Anyone who is resident in the UK and over eighteen may invest in a PEP. The PEP has to be managed by a person who is authorized to do so under the Financial Services Act. Currently, you can invest up to $6,000 a year in a General' PEP and up to a further %3,000 a year in a Single Company' PEP. Thus, a married couple can invest up to $18,000 per annum in PEPs which is a substantial sum for most UK wage-earners. PEPs are free of tax on their dividends and there is no CGT to pay on profits made from selling shares. Money held on deposit within a PEP is exempt from tax on the interest it earns...