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?			N/A
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?			N/A
5. May I invest on behalf of someone else?			N/A	*
6. Can I make regular contributions?		minimum £50 per month**	N/A
7. Can I transfer funds?			N/A	***
8. I have already invested £3,600 in a cash ISA for this tax year can I invest more?		(up to £3,600)	N/A	(unlimited)
9. I already invested £5,00 in a Stocks & Shares ISA for this tax year can I invest more?	(up to £2,200)	(up to £2,200)	N/A	(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