Tessa holders can carry on earning tax-free interest by transferring their capital to a TESSA-only Individual Savings Account.
Financial and business terms. 2012.
Individual Savings Account — An Individual Savings Account (ISA; pronounced /ˈaɪsə/) is a financial product available to residents in the United Kingdom. It is designed for the purpose of investment and savings with a favourable tax status. Money is contributed from… … Wikipedia
Tax Exempt Special Savings Account — Tessa A UK savings account with a bank or building society, introduced in January 1991, in which savers were allowed to invest up to £9000 over a five year period with no tax to pay on their interest, provided that special conditions were met.… … Accounting dictionary
Tax Exempt Special Savings Account — Tessa A UK savings account with a bank or building society, introduced in January 1991, in which savers were allowed to invest up to £9000 over a five year period with no tax to pay on their interest, provided that special conditions were met.… … Big dictionary of business and management
Tax-Exempt Special Savings Account — In the UK, the Tax Exempt Special Savings Account (TESSA) was one of a number tax free savings accounts. The TESSA was announced by John Major in his only Budget as Chancellor of the Exchequer in 1990 ( a budget for savings ). The TESSA was… … Wikipedia
National Savings and Investments — Type An Executive Agency of the Chancellor of the Exchequer Industry Financial Services Founded 1861 Headquarters … Wikipedia
ISA — individual savings account (ISA) The new tax exempt savings scheme launched in April 1999 as a replacement for the personal equity plan ( PEP) and tax efficient special savings scheme ( TESSA). ISAs can be used to invest in a very wide range of… … Financial and business terms
Microfinance — Community based savings bank in Cambodia. There are a rich variety of financial institutions which serve the poor. Microfinance is the provision of financial services to low income clients or solidarity lending groups including consumers and the… … Wikipedia
Brahma Kumaris World Spiritual University — Brahma Kumaris redirects here. For Prajapita Brahma Kumaris or PBKs, see Adhyatmik Ishwariya Vishwa Vidyalaya. Brahma Kumaris World Spiritual University … Wikipedia
Singapore — This article is about the city state. For other uses, see Singapore (disambiguation). Coordinates … Wikipedia
