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单词 TESSA
释义

TESSA

/ˈtɛsə /
(also Tessa)
noun (plural TESSAs)
(In the UK) a tax-exempt special savings account allowing savers to invest a certain amount in a bank or building society with no tax to pay on the interest, provided that the capital remained in the account for five years (replaced in 1999 by the ISA).Tax-exempt investments such as Tessas and Individual Savings Accounts do not have to be notified to the tax authorities or included on any forms....
  • Back in April 1999 the government introduced Individual Savings Accounts which replaced Peps and Tessas.
  • Essentially, although tax-free Tessas have been replaced by Individual Savings Accounts, it is still possible to shelter money in accounts already opened.

Origin

Acronym.

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更新时间:2024/12/23 22:57:41