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Income bond |
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Income bondA bond which provides income over its life and at maturity the original investment is returned. See: 'guaranteed income bond'.Income bondA bond whose payment of interest is contingent on sufficient earnings. These bonds are commonly used during the reorganization of a failed or failing business.Income bond Similar MatchesIncome limit for age related allowancesIncome limit for age related allowancesPeople aged 65 to 74 are entitled to an additional personal tax allowance provided total earnings do not exceed a given amount. This allowance is further increased for people aged 75 and over.Also a married man, living with his wife where either person is over the age of 65, is entitled to an additional married couple's allowance provided his total earnings do not exceed that same given amount. In cases where total earnings exceed this figure, these allowances are reduced by £1 for every £2 of income earned above this amount. Income stockIncome stockIn the US, a reputable stock with a record of consistently high dividend payments to shareholders. Taxable incomeTaxable incomeGross income less a variety of deductions. Income dividendIncome dividendAny payout to mutual fund shareholders resulting from interest, dividends, or other income. Home income planHome income planA plan enabling the normally elderly owner or owners of a property to utilise its capital value to their advantage (by providing an income) and still remain in residence.Typically a building society or insurance company provides a loan of up to 80% of the property value and this loan is used to purchase an annuity or joint life annuity (see annuity) in the case of say joint owners. The annuity payments are used to pay interest on the loan and provided 90% of the loan is invested in this way tax relief can be claimed. (The remaining 10% of the loan can usually be taken in cash with no restrictions). Thus after making interest payments net of tax relief there will be a surplus available to the owner or owners.Safe Home Income Plans (SHIP) is a self-regulatory body that was formed in 1991 to promote fairer schemes after thousands of elderly homeowners were left nursing large losses in the late Eighties. SHIP can be contacted on 01242 539494. Further SuggestionsSocial Security Disability Income Insuranceguaranteed income bond Monthly income preferred security (MIP) income from property social security disability income insurance Disposable income income pure endowment franked income Debt to income ratio net income property income taxation Income inelastic Real national income Income immunization strategies Nominal income Income property Tax exempt income fund disposable income deferred income Discretionary income Supplemental Security Income Income stock minimum income guarantee investment income Current income bonds |
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