tax-exempt special savings account

Definitions

Accounting

• noun a now-discontinued form of interest-free savings account largely superseded by the ISA.

Economics

• noun a discontinued type of account into which money could be placed to earn interest free of tax, provided it was left untouched for five years. Since 1999 the scheme has gradually been phased out but money in existing TESSAs can be reinvested in ISAs.

Nearby Definitions of “tax-exempt special savings account”

• tax
• tax buoyancy
• tax concession
• tax credit
• tax cum subsidy
• tax-exempt special savings account
• tax haven
• tax inspector
• tax point
• tax return
• Taxes

Contexts for “tax-exempt special savings account”

2 definitions in context
• Accounting
• Economics