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TESSAs assessed

Article Abstract:

Tax Exempt Special Savings Accounts (TESSAs) are tax-free investment accounts which earn higher interest rates than most building society accounts on lower sums invested. A computer analysis of 135 different TESSAs helps the investor choose. These five-year plans allow regular, occasional and lump sum savings. Six months' notice is required for early withdrawal, on which 180 days' interest is payable. Some TESSAs offer bonuses. There are fixed rates, variable rates and feeder accounts.

Publisher: Consumers Association (UK)
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 1993
Evaluation, Services, Savings and loan associations, Savings accounts, Tax exemption, Tax exemptions

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Your savings and investments

Article Abstract:

Investment income can be taxed in different ways. Some National Savings investments are taxable. Life insurance, shares, unit trusts, annuities and gilts are all taxed investments. Tax-free investments include personal equity plans, Tax Exempt Special Savings Accounts, National Savings Certificates and Premium Bonds.

Publisher: Consumers Association (UK)
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 1995

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Your savings and investments

Article Abstract:

A guide to the taxation of investment income in the UK in the fiscal year 2000-2001 is presented, with focus on the types of income that are subject to tax and investments that can be made without attracting tax.

Publisher: Consumers Association (UK)
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 2000

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Subjects list: United Kingdom, Taxation, Investments
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