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Income fund |
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Income fundA unit or investment trust, or other collective fund, which aims to pay a high dividend to its shareholders by investing in bonds or shares which themselves produce good income, either through high rates of interest or high dividend yields.The focus of such a fund is resolutely on income and it does not seek capital appreciation. Of course, really high income can sometimes only come from accepting more risk in investments. Junk bonds, now referred to as high yield bonds, pay high levels of interest precisely because the companies that issue them have soft credit ratings.Income fundA mutual fund that seeks to provide to liberal current income from investments.Income fund Similar MatchesAdjusted Gross IncomeAdjusted Gross IncomeGross income of a building it fully rented, less an allowance for estimated vacancies. Unearned income (revenue)Unearned income (revenue)Income received in advance of the time at which it is earned, such as prepaid rent. Guaranteed income bondGuaranteed income bondA bond in which a single premium secures a guaranteed regular income until maturity at which time the original premium is returned. Income inelasticIncome inelasticHaving an income elasticity less than one. Income taxIncome taxA compulsory tax on employment and investment income.In most countries income tax is progressive on successive slices of income, so that the more you earn the higher the incremental rates of tax you pay.In the UK, everyone is allowed to make a certain amount of income before any tax is payable. Known as the 'personal allowance', the amount increases with age, and for the year 2003-2004 the figures are:Under 65: £4,61565-74: £6,61075 and over: £6,720If your income in a tax year is below these thresholds, you are not liable for income tax. In some circumstances, where tax has been deducted at source, you will be able to reclaim tax already paid.For earnings above your personal allowance, your income tax liability will go up in bands and vary according to whether the income is from employment, share dividends or interest. The lowest rate is 10% and the highest is 40%. Further Suggestionspersonal incomeadjusted gross income Section 352 of the Income and Corporation Taxes Act 1988 growth and income fund Money income Income bond earned income Employee Retirement Income Security Act National income disposable income Phantom income Income statement (statement of operations) Income elasticity invisible income Income dividend income pure endowment Income immunization strategies Tax exempt income Corporate income tax net income Net income per share of common stock Social Security Disability Income Insurance nominal income Spread income Income disparity |
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