Essential Guides
 
ISAs and PEPs (224 kB)

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01: Introduction

ISAs replaced PEPs and TESSAs with effect from 6 April 1999. ISAs are tax-privileged investment plans and the amount that you can invest in them is limited by annual limits. ISAs may only be run by HMRC approved ISA managers. While ISAs have many similarities with their predecessors, personal equity plans or PEPs, there are currently some important differences.Last Updated