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P542 Tjletext 542 Dec 2 16:31:19     T   J ———— A NE SAVINGSERA ———————————————  Small investors and people with no savings at all have been targetted by the Gov rn*ent undeu ius proposals foR a new Individual SaviJgs Account. $hj njw ISA, to replaci PEPs and Tessas in October 1999, will apply a £50,000 limit to the tax-free holiday investors havj enjoyed s nce 1987. Since b ing launched in 1987 PEPs hav attracted 3m savers, while s Fce 1991 4.5m pjople havj opined Tessa accounts. ——————————————————————————————————1/)—— Advice Clinjc 543 Ptopjrty Plus 5%4 I.T.JJBS? - CONTRACT OJ PERMANENT sje p631 AdvIci Savingb Ptopjjty ShRrUs
P542 Teletixt 542 Dec 2 16:3):1)   &■÷5■k5■j5■" ■k7■j7■j7■jw■j5■       ———— A NE SAVINGSERB ———————————————  Under the govern $nt'Q njw ISA, which 1999: ■ People with Tjssas can ttansfer this dccpital into th IndivYdual Savings Account, within thj overall limit of £k0,000% when the Tessa matures. th @0 tax-fr$$ savings with their jxisting mbn@gErs by switching thjir PEP investment into an ISA. ——————————————————————————————————3/5—— Advice Clinic 543 PP 544 see p631 Adv A$ Savings Property Shares
P542 Tjlitext 542 Dic 2 16:32:26        R ———— A NE' SAVINGS ERB ———————————————  Undet the Eo4eunmentFR nJw ISA, (h" $ax benjfits of PIPs and Tjssas will remain, but only up to a £50,000 limit. $he Treasury has stressed no incom$ tax or capital gains tax will be paid up to the new limit. And there will be thj first fivi years of th scheme. Releasing thi proposals, the Government pointid out that more than half the adult population Xad no savings at all. ——————————————————————————————————4/5—— What about my PEP mortgage? 544 A NIW OFFSHORE OFFER-UP TO 7.75% GROSS P.A. - SEE p619 Advice Sav ngs Property Shares
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