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Post Office Savings |
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Post Office SavingsSee 'National Savings'.Similar MatchesSavings Association Insurance Fund (SAIF)Savings Association Insurance Fund (SAIF)A government organization that ../../finance-glossary/d the Federal Savings and Loan Insurance Corporation as the provider of deposit insurance for thrift institutions. Federal Savings and Loan AssociationFederal Savings and Loan AssociationAn institution chartered by the federal government whose primary function is to collect savings deposits and to provide mortgage loans. Individual savings accountIndividual savings accountA tax-favoured savings account introduced on 6th April 1999 which replaced PEPs and TESSAs. ISAs are not an investment in their own right. They are a tax-free wrapper in which you can shelter investments.People over the age of 18 living in the UK can invest a maximum of £7,000 per year in each tax year. 16 and 17 year olds can invest up to £3,000 in a mini cash ISA.Investment may be made in three components: equities, cash and life assurance. There are strict limits on how much you can put in each component, and the limits depend in part on whether you use a 'maxi ISA' or a number of mini ISAs.Until 5th April 2004 ISAs benefit from a 10% tax credit on UK equities. Stock and share investments which can be held in an ISA include unit trusts, open ended investment companies (OEICs), investment trusts, ordinary shares, preference shares and fixed interest corporate bonds.PEPs in existence at 6th April 1999 may continue to be held outside an ISA with the same tax advantages. TESSAs in existence at 6th April 1999 are allowed to run their full five year term.Income from ISA investments is tax free and you don't have to report it on your tax return. Capital gains are also exempt from CGT.ISA plans are sold by stockbrokers, IFAs, fund managers, banks and other authorised financial institutions. You can buy a plan and take advice on what to put in it, or you can have a 'self-select' ISA and make your own decisions. Savings and loan associationSavings and loan associationNational- or state-chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages. Savings And Loan AssociationSavings And Loan AssociationOriginally an association chartered to hold savings and make real estate loans. Federally insured and regulated. Active in long term financing rather than construction loans. Recent changes in federal controls have enabled these associations to offer checking accounts, consumer loans, and other services traditionally offered by banks. Further SuggestionsSavings depositsMutual Savings Bank Bonds Enabling Annual Retirement Savings (BEARS) mutual savings bank savings element Savings element National Savings Stock Register Individual Savings Account National Savings Tax Exempt Special Savings Account Savings rate National Savings Bank Registered Retirement Savings Plan (RRSP) Mutual savings bank savings account Financing Cost Savings Savings bond savings and loan association lifelong individual savings account Savings bank |
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