2006-07-26 06:48:24 · 4 answers · asked by greenleaf 1 in Business & Finance ➔ Taxes ➔ United Kingdom
No new PEPs could be taken out after 5 April 1999.
Similarly, TESSAs stopped at the same time.
ISAs started from 6 April 1999, and effectively replaced both TESSAs and PEPs as the tax-emempt saving vehicles. ISAs will continue until 5 April 2010 at the least.
2006-07-26 11:27:54 · answer #1 · answered by Grimbold 2 · 5⤊ 0⤋
Peps were Personal Equity Plans designed to encourage share ownership whilst Tessa and Isa are tax-free saving schemes
2006-07-26 16:00:25 · answer #2 · answered by David R 5 · 0⤊ 0⤋
Tessas replaced PEPs. ISAs replaced Tessas.
2006-07-26 13:52:18 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Yes. You can only take out a new ISA but not a new PEP or Tessa
2006-07-26 13:53:14 · answer #4 · answered by catherine m 2 · 0⤊ 0⤋