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Growth in a PEP was free from capital gains tax within the fund and on encashment. [1] Income was free from income tax.When introduced in 1986, the fund was limited to £2,400 (annual allowance), [2] but later increased to two types of PEP: the "general PEP" with an annual allowance of £6,000 and the "single company PEP" with an annual allowance of £3,000.
A specific requirement was the presentation of the applicant's National Insurance number, to ensure only one TESSA (tax free) account investment could be operated by the individual per year. Interest on the TESSA was free from UK income tax. The favourable tax treatment of a TESSA lasted for five years, and it was possible to invest up to £ ...
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Download as PDF; Printable version; ... Pep reaction, proton–electron ... Personal equity plan, a former UK account type; Politically exposed person, ...
Personal loans and home equity loans can be used for making home improvements, consolidating debt, paying for medical expenses and many other purposes. However, the application process and credit ...
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Personal budget and investment; Active management; Alternative investment; Asset. allocation; economics; growth; Bond (finance) Cash; Diversification (finance) Equity ...