tjh290633 wrote:This is my record of PEP, Single Company PEP and ISA allowances since inception in 1987:Yr to 5 Apr PEP SCPEP ISA Total
1988 2,400.00 2,400.00
1989 3,000.00 3,000.00
1990 6,000.00 6,000.00
1991 6,000.00 6,000.00
1992 6,000.00 6,000.00
1993 6,000.00 3,000.00 9,000.00
1994 6,000.00 3,000.00 9,000.00
1995 6,000.00 3,000.00 9,000.00
1996 6,000.00 3,000.00 9,000.00
1997 6,000.00 3,000.00 9,000.00
1998 6,000.00 3,000.00 9,000.00
1999 6,000.00 3,000.00 9,000.00
2000 7,000.00 7,000.00
2001 7,000.00 7,000.00
2002 7,000.00 7,000.00
2003 7,000.00 7,000.00
2004 7,000.00 7,000.00
2005 7,000.00 7,000.00
2006 7,000.00 7,000.00
2007 7,000.00 7,000.00
2008 7,000.00 7,000.00
2009 7,000.00 7,000.00
2010 10,200.00 10,200.00
2011 10,200.00 10,200.00
2012 10,680.00 10,680.00
2013 11,280.00 11,280.00
2014 11,520.00 11,520.00
2015 15,000.00 15,000.00
2016 15,240.00 15,240.00
2017 15,240.00 15,240.00
2018 20,000.00 20,000.00
2019 20,000.00 20,000.00
Totals 65,400.00 21,000.00 209,360.00 295,760.00
Note that the Single Company PEP figures are my recollection, and may be a year adrift.
Making the current value of maximum contributions £1 million gives an XIRR of just over 8%. My actual IRR is 9.8%, which would give a current value of about £1.4 million.
That assumes no withdrawals, of course.
Interesting. I recall starting in 1987 so that was probably the first tax year in your list, ending in April 1988.
For a while there were lower limits for PEPs invested in funds rather than individual companies. Your number is the limit for investing in shares. That distinction was abolished at some point.
As best I recall I have always contributed the maximum, with the exception of single company PEPs, which I also had but then sold to fund a property venture. So by your figures I have contributed 274,760.00 - a little more than my earlier 250K guess. No rolled over TESSAs either.
I had earlier PEPs from Lloyds, Alliance and Personal Assets, but have since rolled them all over into a single ISA with TD/ii. It's value is about 800K at the minute, so an adequate but hardly sparking performance.
My wife maxxes out her ISA as well, although she started later than me. Hers is about 600K at this point. So as a couple we are ISA millionaires, but not individually.