Product Comparison - SFS Invest Direct - This is Money
Product Comparison
PEPs - From the 6th April 2008, all PEP accounts will automatically be classed as stocks and shares ISA accounts. These will therefore be treated in the same way as a Stocks & Shares ISA.


 Cash ISA Stocks & Shares ISA PEP Unit Trust/OEIC
1. Are they tax free? Yes Yes N/A No
2. How much can I contribute? £3,600 £7,200 N/A Unlimited
3. Can anyone invest? 18+ 18+ N/A  18+*
4. Are withdrawals permitted? Yes  Yes  N/A Yes
5. May I invest on behalf of someone else? No No N/A Yes *
6. Can I make regular contributions? Yes  Yes minimum £50 per month** N/A Yes
7. Can I transfer funds? Yes Yes N/A Yes ***
8. I have already invested £3,600 in a cash ISA for this tax year can I invest more? No Yes (up to £3,600) N/A Yes (unlimited)
9. I already invested £5,00 in a Stocks & Shares ISA for this tax year can I invest more? Yes (up to £2,200) Yes(up to £2,200) N/A Yes (unlimited)

* Money can be invested for those under the age of 18 via acount designation
** The minimum regular contribution via SFS Invest Direct
*** Additional Tax charge may apply