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HSBCAM offers tax shelter for £17,500

HSBC Asset Management is issuing a second tranch of its triple allowance plan allowing tax free investments up to £17,500.


The plan offers a £3000 single company Pep and a £6000 general Pep which can be used in co-ordination with the 2004/5 capital gains allowance to shelter a further £8,500.


HSBC Investment Funds Europe managing director Alan Gadd says: &#34This is one of the simplest and safest ways to invest in a single company or general Pep and will be one of the last opportunities to do so.&#34


The closing date is 28 October.

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