Transferring an old PEP
Discussion
I have a PEP bought years ago, could be 15 years ago, that has stayed at the same value for the past 3 or 4 years, whilst I have newer ISAs that have done very well in the last couple of years.
Can I transfer the value of the PEP into an ISA and still keep the profit tax free?
Cheers folks.
Can I transfer the value of the PEP into an ISA and still keep the profit tax free?
Cheers folks.
PEPs do not exist anymore they are now ISAs, was automatic conversion some years ago.
There are no differences in taxation terms and you can transfer from one provider to another very easily with no tax implications what so ever.
Make sure you check the costs of doing so and sometimes the can be decent internal funds you could switch to without moving provider which may also be cheaper in cost terms.
There are no differences in taxation terms and you can transfer from one provider to another very easily with no tax implications what so ever.
Make sure you check the costs of doing so and sometimes the can be decent internal funds you could switch to without moving provider which may also be cheaper in cost terms.
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