MultiPEP

Although Personal Equity Plans (PEPs) were discontinued in the 1999 tax-year, you can transfer and consolidate your existing PEPs into MultiPEP’s equity-backed investments.

Benefits

Allows you to diversify your portfolio through access to a wide range of fund managers and their funds.

You can hold funds from several providers in a single tax-efficient wrapper.

You can delegate fund manager selection and monitoring to Skandia by investing in the Skandia Investment Management Limited range of funds.

Allows you to take regular automatic income either as a fixed monetary amount, a percentage of your account value or from income generated from interest and dividends. Income can be paid by direct credit in any months you want or you can take a partial withdrawal – both without any Skandia administrative charge.

You can transfer and consolidate all your PEP holdings into a MultiPEP for easier administration and monitoring.

In times of market volatility, you can invest in cash, while still keeping your money invested in a tax-efficient environment. You can switch back into funds when you feel the investment environment is more favourable.

Risks

MultiPEP is intended as a long term investment. If you withdraw from it in the early years, you may not get back the full amount you invested.

Tax rules can change at any time, which may affect your investment.

The value of fund units can go down as well as up, and investment growth cannot be guaranteed.

While you are transferring your existing PEP investments, you could incur a loss of income or growth, depending on market conditions.

Who is eligible?

UK residents with an existing PEP.

Minimum and maximum premiums

Minimum transfer: £3,000 (no maximum transfer).
Minimum additional transfer: £500.

Term

There is no term limit. Your MultiPEP can stay invested for as long as you like.

This web page is only intended as a general introduction to the Skandia MultiPEP. Full details of the product can be found in the Skandia MultiPEP Key Features document and Fund and Charges Guide available from your financial adviser.

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