The people's savings account
Article Abstract:
There have been a number of schemes to encourage people in the United Kingdom on low incomes to save, but they have tended not to be successful. National Savings Certificates began in 1916 and attracted the rich who sought tax breaks. The Government Annuities Act of 1864 preceded a government insurance scheme which involved a high minimum sum assured which deterred many poorer people, and payment was made to the Post Office. The pressure from agents collecting at the door meant that insurers were more successful in persuading housewives to save.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1998
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A good place to stash your cash: the government has killed off two of its tax free savings products but there are still plenty of good homes for your money paying reasonable rates of return
Article Abstract:
Despite the scraping of tax free Save As You Earn scheme and the National Savings Yearly Plan, there are several tax free products avaialable, although they require money to be tied up for five years. Tax exempt special savings acounts (Tessas) offer good rates even if the savings are withdrawn before five years. There are several tax free National Savings accounts, and building society postal accounts offer high returns for near instant access.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1995
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Everything you always wanted to know about Isas: The launch of individual savings accounts, the government's new tax-efficient savings and investment vehicles, is just over two months away
Article Abstract:
The government's individual savings accounts (Isas) are shortly to be launched as a replacement for Peps and Tessas. Isas are not simple, incorporating mini and maxi Isas, cat-marked and not cat-marked Isas and different contribution maximums. The scheme is not as generous as the system it is replacing and it is unlikely to generate the number of savers predicted.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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