Living benefits


 

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Living benefits

Life insurance benefits from which the insured can draw cash while still living, usually in the case of some high-cost illness.



Living benefits

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Benefits in kind

Benefits in kind

These are benefits, excluding salaries, given to employees which include cars and car fuel, medical insurance and gifts etc. and which are taxed as employment income.


Benefits Agency

Benefits Agency

An executive agency within the DSS (Department of Social Security), the Benefits Agency was replaced by Jobcentre Plus in April 2002. Jobcentre Plus issues benefits to those of a working age, and helps the unemployed to find a job.http://www.jobcentreplus.gov.uk


Accrued benefits

Accrued benefits

Benefits earned by an employee in respect of his/her pension based on years of service with his/her employer.


Fringe benefits

Fringe benefits

Benefits to employees additional to salary. Typical examples would be company cars, expense accounts and private medical insurance which in the USA are not normally taxable. However they would be liable for tax in the UK.


Indirect diversification benefits

Indirect diversification benefits

Diversification benefits provided by the multinational corporation that are not available to investors through their portfolio investment.


Further Suggestions

Incremental costs and benefits
unfunded unapproved retirement benefits scheme
Social Security benefits
Fixed benefits


 
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