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Alternatively, go to a discount broker who will give up some or all of the commission and invest it in your PEP.
If you buy a PEP using Chase as a result they will refund your pounds 12.
A general PEP invests in a number of different shares, while a single company PEP includes the shares of just one specific company.
Also, a transfer to another Pep does not affect your entitlement to an ISA, and a Pep should not be transferred into an ISA because it will use up your ISA allowance.
MOVE fast if you are thinking of investing in a PEP, with the mounting speculation that the Chancellor will bow to pressure and increase the pounds 50,000 lifetime limit for investments into his new Individual Savings Account (ISA).
So invest what you can under current PEP rules and enjoy the tax breaks while you may.
Boosted by colossal advertising campaigns urging savers to take up "your last Pep", unit trust Pep sales ,32doubled between January and February to a level nearly two thirds higher than in February last year.
Independent financial adviser Hargreaves Lansdown has launched a novel Halifax eXtra Share PEP for members and non-members to share in the Halifax flotation.
Direct Line's aim is to open up the PEP market to these people by making the product easier to understand.
Of those definitely or likely to take out a Pep before the deadline:
Always talk to a specialist adviser, for there are more than 1,600 PEPs on the market to choose from.
You've got three months, till April 5, to salt away up to pounds 6,000 per adult, tax free, into a general personal equity plan and pounds 3,000 into a single company PEP.
The Pep generation are sensible with money and many are planning to invest more into their Peps before 5th April.
PEPS were introduced by Nigel Lawson in 1987 to promote wider share ownership.
This could mean capping the amount that can be earned tax-free from PEPs or making people keep their cash locked up for longer before getting any tax breaks.