Glossary

linked benefit

01/01/2016

means a benefit payable under a linked long-term contract of insurance or a regulated collective investment scheme the amount of which is determined by reference to:

(1) the value of the property of any description (whether specified or not);

(2) fluctuations in the value of any such property;

(3) income from such property; or

(4) fluctuations in an index of the value of such property.