Personal Equity Plans (PEPs)

A better home for your PEPs

On 6th April 2008 PEPs were merged with Stocks and Shares ISAs.

Tax efficient PEP wrappers were automatically converted to ISAs preserving the investments within them. This resulted in a small change to the way interest held within the former PEP is taxed, but ISAs are still free of Capital Gains Tax and Income Tax.

Whilst PEPs no longer exist, your old PEP wrappers can still be consolidated into a single ISA account and the investments you hold can be changed. Any ISA, including former PEPs, can be transferred between investment managers without losing the valuable tax benefits.

By transferring old PEPs and ISAs to Hargreaves Lansdown’s Vantage Service you could save time and money.

• Receive savings of up to 0.5% per year on over 1,200 funds.
• Get initial savings of up to 5.5% on over 1,800 funds if you switch your holdings.
• Choose from a wider range of investments including shares, gilts, corporate bonds and cash.

Transferring your former PEPs to the Vantage Service is easy. All gains are still free from tax and there is no further tax to pay on the income. Simply complete the form, return it to us and we do the rest.

Download the ISA transfer form

Changes to ISAs & PEPs