Taking the PEP out of saving

Article Abstract:

The UK government introduces the individual savings account (ISA), which allows people to save up to 5,000 pounds sterling per year in accounts which protect interest, dividends and capital gains from taxation. The ISAs can be divided into cash, life insurance and stocks. One drawback to the plan is the proposed lifetime investment limit of 50,000 pounds, resulting in higher taxes for those with more than the limit in their accounts. Also, the introduction of the ISA signals the end of the popular personal equity plans and tax-exempt special savings accounts, which must be converted to ISAs upon maturity.

Public Finance Activities, Personal Finance Companies, Personal Income Taxes, United Kingdom, Taxation, Financial planning, Personal income tax, Savings accounts, Tax policy

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Less thrifty than they seemed: Japanese consumer debt

Article Abstract:

Consumer debt in Japan totalled $475 billion in 1991. Most of the bad debt results from credit card use. Banks are also experiencing bad debt from consumer loans.

Bad debts

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Gimme credit

Article Abstract:

Issues related to consumer finance in Japan, and the development of the Japanese consumer finance market are examined in detail.

Consumer Finance Institutions

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