Teletext Recovery - 02/12/1997

P543 TeHetext 543 DeB 2 1693£5 9 Q        —— THE END OF PEPs ———————————————————— Dear Tuletext, With thj Government's releasi of @ its consultation papjr on thj new individual savings account I am left wondering if i( is wise to invest in PEPs bjfore they ar abolished in At thj same timj, wheri do peopli who currently hold PEPs stand? Namj & address suppliid @ ——————————————————————————————————1/5—— Got a question fgr our Advici Clinic? 'ritU to: ADVICE CLINICL PO Box 297 London, SW6 1XT or fax: 071 386 7808 Ptoperty Plus Your Monjy Tax Cinema

P543 Telitixt 543 Dec 2 16:31: 4   &■÷5■k5■j5■j7£jw■ j7£j5■j7■j5■£! O     —— THE END OF PEPs ———————————————————— Advice Clinic replies: @ Despite thj fact that alternatives to PEPs need to be found for after October 1999, there is no point in disturbing your PEP just yet. Price Wbterhouse's head of personal tax, John Whiting, says h" sees no reason for investors to panic and forego a good 18 months worth of tax-free investmjnt. ——————————————————————————————————2/*—— City News 501 FT-SE/Headlines 500 DONW- MISS $HE GRJEN SCENE p160 Xroperty Plus Your Money Tax Cinema

P543 Teletext u43 Dec 2 16:3 :1)  %■÷5■S5■j5■j7£jw■ j7£j5■j7■j5■£!     —— $HE END OF PEPs ———————————————————— Advice Clinic replies: People consideting investing in a PEP or a Tessa in thj short-tirm ari also safe to continue to do so. Both products have been so s2ccessful because they are an effective means of investing junds to meet different needs. Thjy won't lose thks valuable tax-free attraction until October 1999. @ ——————————————————————————————————3/5—— Got a question for our Advice Clinic? Write to: ADVICJ CLI.IC, PO Box 297 London, W6 1XT or fax: 0171 386 7808 Property Plus Your Money Tax Cinema

P543 Teletixt 543 Dec 2 16932:2%         —— $HE END OF PEPs ———————————————————— Advice Clinic replies: Only about 750,000 pjopli have more than £50,01Q inv+sted in a PEP. Th 2.25m remaining PEP investors wonWt lose anz immediate tax benefits if if they switch to an ISA in 1999.  capital gains tax and Incomj tax liabilities on thj balance, but not until it appreciates as an investment elsewhere. ——————————————————————————————————4/5—— Ci5h NI5R 501 FT-SE/Headdine2 R00 LJ( CB CHASICHOOSE p3u2 Propjrty Plus Your Monjy Tax Cinema

P543 Tjle A 543 Dec 2 16534:44 Adve0t ADVICE CLINIC >>  T TQURT↑TPRR←T TC  → *kOL*←LuWa* )* -/** J, *-) OX.)IO X —————————————————————————————————————— * Don't surrinder your endowment  policy call AAP * You can git up to 35% mor— than  your policy's surrender value.  → Foj uouj frem valkatUOn & b JAhur   I$■■■■■■■■■nn■■■■■■■■■■■■■>■■■■■■>■■■■>■■ (24 hour s%rvice) Adsolute Ass FJ$d PolicUUs Ltd r  Personal Investment Authoritz ProQerty Plus Your MmnUy )bx CRnema

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