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Benefit period |
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Benefit periodA time period over which the interest rate of a loan is discounted, fixed or capped, for example.Benefit period Similar MatchesCar benefitCar benefitWhere a company provides an employee with a company motor car which is used privately in addition to company business, a tax liability may arise which will depend on a number of factors including salary and motor car details such as cost, age, engine capacity etc. Death and superannuation benefitDeath and superannuation benefitAn income tax allowance which can be claimed if certain payments are being made to friendly societies on combined sickness and life insurance policies.The allowance is half of the death benefit part of the premium. Also, relief is obtainable on trade union contributions which relate to superannuation, life insurance or funeral benefits. The allowance is half of the premium. Allowances for superannuation contributions to retirement benefit schemes are usually deducted by the employer before assessing tax on the remaining pay. Guaranteed death benefitGuaranteed death benefitA life policy in which there is a minimum sum payable on the death of the life assured. Outcome (Benefit)Outcome (Benefit)The degree to which Outputs meet the needs and expectations of the Customer. Incapacity benefitIncapacity benefitA state benefit payable after the expiry of state sickness benefit if a person is still unfit to work. This replaces the former invalidity benefit and as such carries a reduced level of benefit. Further SuggestionsPension Benefit Guaranty Corporation (PBGC)benefits in kind Guaranteed death benefit defined benefit pension plan Fixed benefits accrued benefits unfunded unapproved retirement benefits scheme equivalent pension benefit Net benefit to leverage factor death benefit Equivalent annual benefit Defined benefit plan Unique Diversification Benefit Pension Benefit Guaranty Corporation family income benefit (family income assurance) Indirect diversification benefits cafeteria employee benefit plan final salary scheme (defined benefit scheme) fringe benefits Social Security benefits Private benefit sickness benefit Benefit Accumulated Benefit Obligation (ABO) Benefits Agency |
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