Savings rate


 

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Savings rate

Personal savings as a percentage of disposable personal income.



Savings rate

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Savings element

Savings element

Used in the context of life insurance, the cash value built up in a policy, which equals the amount of premium paid minus the cost of protection. This excess is invested by the insurance company, and the returns are tax-deferred inside the policy.


Savings bond

Savings bond

A government bond issued in face value denominations from $50 to $10,000, with local and state tax-free interest and semiannually adjusted interest rates.


Post Office Savings

Post Office Savings

See 'National Savings'.


Savings 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.


Individual savings account

Individual savings account

A 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.


Further Suggestions

lifelong individual savings account
savings element
mutual savings bank
Mutual savings bank
Mutual Savings Bank
Tax Exempt Special Savings Account
Savings bank
Federal Savings and Loan Association
Bonds Enabling Annual Retirement Savings (BEARS)
National Savings Bank
Savings deposits
Savings And Loan Association
savings and loan association
Financing Cost Savings
National Savings
Savings and loan association
Registered Retirement Savings Plan (RRSP)
National Savings Stock Register
savings account
Individual Savings Account


 
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