Lost PEP

The performance of the PEP will not have altered just because of this, apart from the fact that it will have lost its PEP status when your brother died, thus incurring taxation on the divis. Your best bet is to ask Barclays what the tax bill has been on those divis. because it might have changed, depending on when the PEP started. This bill (once known as ACT) will be what you will have lost during the period. Whether this will bother you will depend on whether you would have sold this holding and repurchased (thus incurring charges) as a PEP or ISA in your own name.

Rob Graham

In message , Geoffrey Arnold writes

What makes you think that you have lost a considerable sum?

There may not be any 'losses'. All that will have happened is that the PEP wrapper will have been lost when your brother died, but the underlying investment will have remained intact. If the underlying investment has dropped in value then you must truthfully ask yourself what you would have done with the investment, i.e. either kept it in your own name with our without an ISA wrapper or cashed it. If you would have done the former then you may have lost a bit of the tax claimback that an ISA would have received.

Thank you for your help, I will be digging a bit deeper later.