Skip to main content

Personal Equity Plans

Volume 491: debated on Tuesday 21 April 2009

To ask the Chancellor of the Exchequer how much revenue was derived by the Exchequer from the taxation of personal equity plans in each year since such plans have been in operation. (266575)

Personal equity plans were tax-advantaged savings products, not revenue-raising schemes.

When ISAs were introduced in 1999, PEPs initially continued to exist but could not be subscribed to, and new accounts could not be opened. However, from April 2008, all PEPs automatically became stocks and shares ISAs as part of the ISA reforms. PEPs are therefore no longer in operation.