Tax-Efficient Savings

Junior ISA (Individual Savings Account)
A Junior ISA is a long-term savings or investment account set up for children under 18 in the United Kingdom. It is a tax-efficient way of saving for a child's future with certain conditions and annual contribution limits.
ShareSave (Savings Related Share Option Scheme)
The ShareSave, also known as a Savings Related Share Option Scheme (SAYE), is a tax-efficient savings plan for employees. Under this scheme, employees can save money each month for a set period and then use their savings to buy shares at a fixed price that was set at the beginning of the savings contract.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.