The following tax rates and allowances are applicable for the tax year 1997/98 with comparatives for the year 1996/97.
| PEP (Personal Equity Plan) | |
| £ | |
| General PEP limit | 6,000 |
| Plus - single company limit | 3,000 |
| Unit and investment trust limit | 6,000 |
| Non-EC unit and investment trust limit | 1,500 |
| TESSA (Tax Exempt Special Savings Account) | |
| £ | |
| Maximum 1st year deposit | 3,000 |
| Maximum in subsequent years | 1,800 |
| Maximum over 5 years | 9,000 |
| Maximum re-investment on maturity | 9,000 |