§ Mr. PearsonTo ask the Chancellor of the Exchequer if he will estimate the yield from imposing a ceiling of(a) £10,000, (b) £20,000 and (c) £30,000 on the amount that may be held a PEP by any one individual. [14331]
§ Mr. JackTotal tax relief for personal equity plans is provisionally estimated at £425 million for 1995–96. Information about PEPs is derived from annual returns provided by plan managers. These show the total value of funds, amount of subscriptions received and number of investors, but do not include information on the distribution of the number of investors by size of total PEP investment on which to base estimates of the yield from imposing ceilings on the amount individuals may hold in PEPs.