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What does TESSA stand for?

TESSA stands for Tax Exempt Special Savings Account (UK Personal Finance)

This definition appears frequently and is found in the following Acronym Finder categories:

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  • Business, finance, etc.

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We have 2 other meanings of TESSA in our Acronym Attic

Samples in periodicals archive:

Introduced by the Labour Government in 1999 as a replacement to the Conservative's Tax Exempt Special Savings Account (Tessa) and Personal Equity Plan (Pep), Isa sales have proved disappointing in previous years because of fears over the stock market and Chancellor Gordon Brown's plans for their investment limits.
Introduced in 1999 by the Labour Government, as a replacement to the Conservative's Tax Exempt Special Savings Account (Tessa) and Personal Equity Plan (Pep), Isa sales have proved disappointing in previous years because of fears over the stock market and Chancellor Gordon Brown's plans for their investment limits.
Introduced by the Labour Government in 1999 as a replacement to the Conservative's Tax Exempt Special Savings Account (Tessa) and Personal Equity Plan (Pep), Isa sales have proved disappointing in previous years because of fears over the stock market and Chancellor Gordon Brown's plans for their investment limits.
YOUR TESSA, or Tax Exempt Special Savings Account, can be reinvested into an ISA, which is then called a TESSA-only ISA (TOISA).
Savers in TESSAs can also continue to beat the taxman, even though the Tax Exempt Special Savings Accounts were abolished in April 1999.
YOU can leave your Tax Exempt Special Savings Account - the full name of a TESSA - open.