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On the Value in Practice of a Life Interest, allowing for Income Tax

Published online by Cambridge University Press:  18 August 2016

George King
George King
Affiliation:
Institute of Actuaries
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Extract

When an investor buys a life interest, or an annual charge upon a life interest, the income does not reach him until tax has been deducted from the whole amount, and yet the purchaser has to pay away a material portion of the income in life assurance premiums, on which he is unable to recover the tax.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 38 , Issue 4 , April 1904 , pp. 344 - 347
Copyright
Copyright © Institute and Faculty of Actuaries 1904

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