Tax Exempt Special Savings Accounts/Tessa

Below is a selection of our most recent updates on this subject.

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Transferring A Tessa-Only ISA (Toisa)

A TESSA-only ISA (TOISA) is a special type of cash component ISA - one that was set up to receive the capital invested in a matured TESSA. The normal rules for transferring ISAs therefore apply: subscriptions to a TOISA may be transferred to another account designated as a TOISA, a cash mini-ISA or the cash component of a maxi-ISA.
Wednesday, April 26, 2006

Tessa Reinvestment

The last remaining TESSAs and follow-up TESSAs mature before 5 April 2004. Reinvestment opportunities considered.
Thursday, January 22, 2004

Financial Ombudsman Rules Against Savers

The Skipton Building Society successfully argued in front of the Financial Ombudsman that the terms of its Isa were more onerous than those of its Tessa, hence a higher interest rate was justified on the Isa.
Wednesday, August 08, 2001

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