1.

TESSA meaning in Business ?

Answer» What is Tax Exempt Special Savings Account mean?

In the UK, the tax-exempt special savings account (TESSA) was one of a number of tax-free savings accounts. The TESSA was announced by John Major in his only budget as Chancellor of the Exchequer in 1990 (the "budget for savings") and at first had a five-year lifespan. The TESSA was intended to be a low-risk complement to the personal equity plan (PEP) which would be attractive to a wider range of savers. The accounts were replaced by Individual Savings Accounts in 1999.

reference
Full Form Category
Tax Exempt Special Savings Account Business
Tax Exempt Special Savings Accounts Business
Trust Education Safety Support And Action Community
Therapeutic Education and Support Services in Adoption Community
Timesheet Entry Self Service Access General
Thermal Energy Storage and Saving Automobile Governmental
Thermal Energy Storage and Saving in Automobile Governmental
Transaxillary Endoscopic Subpectoral Saline Augmentation Medical
Teacher Education in Sub Saharan Africa Regional
Teacher Education in Sub Sahara Africa Regional


Discussion

No Comment Found

Related FullForms