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Advance Assurance (AA), also known as Registered Assignments, is non-qualifying, provisional evidence from HMRC that an investment made by you in a business will be eligible for income tax relief provided that all conditions are met. An AA does not ensure that the investment will earn exempt status, as it is simply a confirming agreement between you and HMRC. Advance Assurance has two main uses. First, as an alternative to standard IOUs (Individual Savings Accounts), AA can provide a higher degree of security, especially if you have a poor credit rating, are self-employed or are a senior citizen.