Ostroff, Fair and Company
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When did ISAs replace PEPs?


When did ISAs replace PEPs?

No new PEPs could be taken out after 5 April 1999.

Similarly, TESSAs stopped at the same time.

ISAs started from 6 April 1999, and effectively replaced both TESSAs and PEPs as the tax-emempt saving vehicles. ISAs will continue until 5 April 2010 at the least.
Tessas replaced PEPs. ISAs replaced Tessas.
Yes. You can only take out a new ISA but not a new PEP or Tessa
Peps were Personal Equity Plans designed to encourage share ownership whilst Tessa and Isa are tax-free saving schemes
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