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Personal equity plan |
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Personal equity planA plan where people over the age of 18 could formerly invest in the shares of UK and other EC companies via an approved plan manager or through qualifying unit trusts and investment trusts and receive both income and capital gains free of tax.Maximum investment amounts were £6,000 for a general PEP and £3,000 for a single company PEP per tax yearPEPs were discontinued on 6th April 1999 and replaced by individual savings accounts (ISAs). PEPs in existence were allowed to continue to grow with similar tax privileges.Similar MatchesPersonal article floaterPersonal article floaterInsurance policy attachment designed to cover specified personal valuables. Additional personal allowanceAdditional personal allowanceAn income tax allowance to single people including widows/widowers, separated spouses etc who are not entitled to the married couple's allowance and are supporting a child under the age of 16 at their own expense. This allowance also applies where a man's wife is living with him and she is totally incapacitated and they have a child living with them. Appropriate personal pension planAppropriate personal pension planA pension plan in which employer and employee pay full rate National Insurance contributions equivalent to the employee contracting into S2P. This rate will be greater than the rate paid by contracting out of S2P.The difference between these rates, the contracted-out rebate, is paid by the Government into a scheme known as an appropriate personal pension plan which buys pension benefits at retirement age known as protected rights. Provided an employee qualifies, incentive payments may also be paid by the Government into the scheme.The contracted-out rebate plus any incentive payments are known as minimum contributions. Payment of minimum contributions into an appropriate personal pension plan results in a reduction of S2P benefit at retirement age as though the employee had contracted out through a final salary related scheme. Personal exemptionPersonal exemptionAmount of money a taxpayer can exclude from personal income for each member of the household in calculation of a tax obligation. Personal incomePersonal incomeTotal income received from all sources, including wages, salaries, or rents, and the like. Further Suggestionspersonal identification numberPersonal tax view (of capital structure) Personal inflation rate group personal pension personal pension plan personal exemption personal allowance Personal pension personal possessions personal ledger umbrella personal liability insurance Personal search Personalization Personal property personal loan general personal equity plan personal pension scheme personal accounts Personal Investment Authority personal income Personal trust Umbrella personal liability policy Personal Property Loan personal accident insurance personal accident and sickness insurance |
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