| English |
| personal equity plan |
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| Attestation |
4
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| Part of speech |
Noun phrase
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| Variant |
PEP
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| Definition |
a scheme introduced by the British Government in 1987 to encourage more members of the public to own shares and/or trust units. Persons who invest up to a certain value of securities for about 2 years in a PEP scheme pay no income tax on dividend, interest or capital growth. Each plan has a manager (bank, insurance company, building society or unit trust) who charges management and other fees and dealing costs.
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| Definition source |
LDBE
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| Context |
[...] This chapter introduces the basic mechanics and attraction of investment funds. It tells how investment funds can be the inflation-beating investment which spreads risk and provides exposure to markets where investors’ expertise may not be great. It also explains how investment funds and personal equity plans (PEPs) fit together. [...]
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| Context source |
Tx-Unit
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| de |
PEP, Individueller Investmentplan
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| it |
PEP, Piano Finanziario Personale
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| Note |
PEPs are set to disappear in April 1999 and they are to be replaced by Individual Savings Accounts; details on these new plans have yet to be finalised.
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