PEP Transfer

Compare leading ISA deals…

Personal Equity Plans (PEPs) - launched on January 1, 1987 - were tax exempt investment plans which closed to new subscriptions on April 6, 1999 when their tax free replacement, the Individual Savings Account (ISA) was launched.

See the table below for range of leading stocks and shares and cash ISA deals.

 Product NameISA OptionIncome YieldMore Info
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Invesco Perpetual Monthly Income Plus Fund ISAyes
7.62%**
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Popular monthly income fund that aims to achieve a high level of income whilst seeking to maximise total return through investing in high yielding corporate and Government bonds, together with UK equities. 100% discount on initial charges.
Schroders Income Maximiseryes
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The Schroder Income Maximiser Fund ISA aims to deliver a target income yield of 7% pa, also providing potential capital growth. Income is paid quarterly. Available for ISA Transfers.
Invesco Perpetual Corporate Bond ISAyes
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Available for ISA transfers this highly popular fund aims to achieve a high level of overall return with relative security to capital. Income Paid to you twice yearly. Up to a 100% Discount off the Standard Initial Fund Charge when you transfer into this fund.
Artemis Income ISAyes
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One of the leading UK Equity Income Funds. The Fund managers hunt out companies with strong free cash flow and solid balance sheets. Income is paid to you twice yearly. 100% Discount off Standard Initial Fund Charge when you transfer into this fund.
Invesco Perpetual High Income Fund ISAyes
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One of the UK's most popular income fund ISAs the Invesco Perpetual High Income has delivered consistently good long term returns through a variety of market conditions. Income is paid to you twice yearly. Up to a 100% Discount off the Standard Initial Charge when you transfer into this fund.
M&G Corporate Bond ISAyes
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The M&G Corporate Bond Fund is a conservative ‘blue chip’ sterling fund that aims to produce a higher return than UK government bonds. Income is Paid to you Quarterly. 100% Discount off the Standard Initial Fund Charge when you transfer into this fund.
Jupiter Merlin Income Portfolioyes
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The Jupiter Merlin Income Portfolio fund aims to achieve a high and rising income with some potential for capital growth. Income Distributions are made to you quarterly. 95% Discount off the Standard Initial Fund Charge.
* See details.
†† Income payments are dependent upon the FTSE 100 Index.

The value of investments and any return from them can fall as well as rise and you may not get back the full amount invested. Please ensure that you read the Important Risk Information below. 

Up until April 6, 2008, PEP transfers were commonplace, because although PEPs could be held onto, holders of PEPs could not make any further contributions to them.

Many people made a PEP transfer, transferring their investments from the old PEP into an ISA in order to start taking advantage of the new tax free savings vehicle.

But on April 6, 2008, all PEP accounts automatically became stocks and shares ISAs.

If your old PEP automatically became a stocks and shares ISA, you may not have thought about whether or not you are getting the best returns from it.

It is therefore worth checking out the latest stocks and shares ISA deals below – you may find it is worth transferring your old PEP/new stocks and shares ISA to another deal for better returns.

It is important to read the small print to check terms and conditions before making any decision on ISA transfers, as accounts can vary significantly from provider to provider.

If there is any uncertainty about ISA transfer terms with your current product, contact the bank, building society or company that holds the ISA.

 Important Risk Information:

This website contains information only and does not constitute advice or a personal recommendation in any way whatsoever. The value of investments and income from them can fall as well as rise and you may not get back the full amount invested.

Investments in Stocks & Shares ISAs do not contain the same degree of capital security as investments in deposits. Stocks and shares ISAs are designed as medium to long term investments of, for example, five years or more. The tax efficiency of ISAs is based on current tax law and there is no guarantee that tax rules will stay the same in the future.

Different types of investment carry different levels of risk and may not be suitable for all investors. Please ensure that you read the Important Risk Information for further details. Prior to making any decision to invest, you should ensure that you are familiar with the risks associated with a particular investment and should read the product literature. If you are in any doubt as to the suitability of a particular investment, both in respect of its objectives and its risk profile, you should seek independent financial advice.