In this book Jim Slater explains why the stock market has been such a good investment over the last 75 years and how to time the commitment of new funds to avoid the risk of another crash. He also explains the overwhelming advantage of PEPS for UK resident taxpayers - a complete saving of all forms of tax on both capital gains and dividend income. Jim Slater also looks at the advantages of investing in high-yielding shares, unit and investment trusts and proves that they have beaten the market over the last 20 years. He also demonstrates the importance of reinvesting dividends to magnify tax-free capital gains within a PEP scheme whether you run it yourself or use a unit or investment trust.