单词 | lifetime income |
释义 | lifetime income The changes announced include higher payouts for injuries and lifetime income, which will reflect likely promotions and a later retirement age. Times, Sunday Times In most cases, those with a personal pension end up using the fund to buy an annuity from an insurer, swapping their capital for a guaranteed lifetime income. Times, Sunday Times Since nearly all of us earn most of our lifetime income from work rather than from rent, taxing land instead of labour would make most people better off. Times, Sunday Times Up until the changes, workers with defined contribution funds were effectively forced to give their pots to large pension companies to buy an annuity to guarantee them a lifetime income. Times, Sunday Times If interest rates drop by 1 per cent, people may prepay their mortgages and so reduce the lifetime income stream of the instrument. Globe and Mail |
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