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Savings rate |
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Savings ratePersonal savings as a percentage of disposable personal income.Savings rate Similar MatchesSavings elementSavings elementUsed 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 bondSavings bondA 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 SavingsPost Office SavingsSee '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 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. Further Suggestionslifelong individual savings accountsavings 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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