Employment income e.g., salary/wages, bonus, commission
Income as a result of your personal employment in your chosen occupation and receive monetary payment from your employer on regular basis or upon completion of task/activity
Business income e.g. earnings, profits
Any income that is realized as a result of business activity. Accumulated income that is realized as a result of business activity may be considered as business wealth i.e., retain profits
Compensation e.g. insurance claim, divorce settlement
Receiving monetary payment for loss of income or due to injury and marital relationship break-up.
Gift/donation
A donation is a gift given by a person, typically for charitable purposes and/or to benefit a cause. This could be in monetary form or as an asset e.g., gifting property, gifting shares/bonds (transferable securities)
Government benefits or grants
A payment made by a government agency to those qualifying in time of need.
Investment income e.g. interest, dividends, rent
Income coming from interest payments, dividends, from monetary assets and rent derived from rental/investment properties
Sale of assets
This could be via sale of motor vehicle, other fixed assets or intellectual property rights
Real estate
Customers wealth is retained in the form of Real Estate, Property or Land holding.
Bank Borrowing/Loan
The process of obtaining money, property or other material goods through a financial institution in exchange for future repayment of the principal amount along with interest or other charges.
Super or pension
Super or pension A regular payment made by a government agency or through an annuity payment scheme
Tax refund
The return of excess amounts of income tax that a taxpayer has paid to the state or federal government throughout the past year.
Windfall e.g. inheritance, winnings
A large amount of money that is won or received unexpectedly e.g. lottery winning, inheritance payment
Family support or gift from overseas
Financial support received from family members based overseas in the form of a gift without an obligation for repayment.
Family support or gift from domestically
Financial support received from family members based domestically in the form of a gift without an obligation for repayment.
