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tax exempt savings account (TESSA)

См. также в других словарях:

  • 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

  • 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 scheme — (TESSA) A special bank or building society savings account that offered tax free interest provided that the account was maintained for a fixed period of five years. TESSAs were replaced by individual savings accounts (ISAs) from 6 April 1999… …   Law dictionary

  • Tax Exempt Special Savings Account — ( TESSA) A savings account which generates tax free interest for the investor. The account must be kept open for five years, at which time it must expire. The maximum amount that may be invested in the account is £9,000 in total over the five… …   Financial and business terms

  • 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

  • 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 investments and consist of… …   Financial and business terms

  • tax-exempt special savings account — /tæks ɪgˌzempt ˌspeʃ(ə)l seɪvɪŋz əˌkaυnt/ noun formerly, an account into which money can be placed to earn interest free of tax, provided it is left untouched for five years. Abbreviation TESSA …   Dictionary of banking and finance

  • Tessa — is a shortened form of the given name Theresa.Tessa may also refer to:* Tessa , a novel by Margit Sandemo * Tax Exempt Special Savings Account, a type of bank account in the United Kingdom * Tessa Noël, a character in the TV series Highlander:… …   Wikipedia

  • TESSA — Tax Exempt Special Savings Account a special type of account with a bank or ↑building society in the UK, in which you can save money and you do not have to pay tax on the ↑interest you earn if you leave the money there for at least 5 years …   Dictionary of contemporary English

  • TESSA — Tax Exempt Special Savings Account (Business » Stock Exchange) * Tax Exempt Special Saving Account (Business » Stock Exchange) * Transaxillary Endoscopic Subpectoral Saline Augmentation (Medical » Physiology) …   Abbreviations dictionary

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