| Celebrating netPEP’s First
Birthday The publication of this, the 7th edition of Tr@cker Magazine
coincides with netPEP’s First Birthday celebrations. And quite a successful first
year it has been.
netPEP has attracted well over 200 investors who have invested nearly £3 million
between them through the first online PEP. This proves that online financial services
offering a combination of a better quality service, for less cost through
the convenience of the Internet, are already becoming popular.
And we are also pleased that netPEP investors, particularly those who bought when we
launched, have been well rewarded. £6000 invested at launch had grown to £8475 after all
costs by the time of our 1st anniversary on 15th April 1998. The total return (capital
plus income) for investors in the first year was 43% including tax rebates.
There is now just under 12 months left for investors to use up their last PEP allowance
of £6000. From 5th April 1999, not only will you be able to continue to enjoy the tax
freedom income from existing, but you will also be able to start saving in the new
Individual Savings Account (£7000 in the first year and thereafter £5000 per annum).
We hope you enjoy this edition of Tr@cker and, please let us have suggestions for
future features, comments on current features and, of course, your criticisms too(!). |
