§ Mr. DrewTo ask the Chancellor of the Exchequer what plans he has to exempt pensioners who do not currently pay tax from changes to arrangements for personal equity plans. [50671]
§ Mr. Geoffrey Robinson[holding answer 16 July 1998]: Existing PEPs held at 5 April 1999 will continue to be free of income tax and capital gains tax after that date. Pensioners and others who currently pay no tax on investments held in PEPs will still pay no tax.