Posts for Tag: Tax Exempt Savings Plan (TESPs)
Christmas is fast approaching, and with it comes the added expenditure that the festive season brings.
Whether you're saving for your retirement, an extra special holiday or a financial gift for your child or grandchild, The Tax Exempt Savings Plan or 'TESP' as its known , could be a great way to save for your next milestone...
Following the demise of the Child Trust Fund (CTF) the government introduced Junior ISAs as a replacement to encourage parents to start saving for their children’s future.
Tax Exempt Savings Plans (TESPs) are only available through friendly societies and are an additional tax-free allowance in addition to any ISA or Junior ISA allowances.