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EY 19: Shareholder base income: non-participation policies
or “Income types counted as shareholder base income for life insurers' non-participation policies”
You could also call this:

“Life insurers' income from managing non-profit participation savings policies”

If you are a life insurer, you might earn money from managing savings product policies that are not profit participation policies. This money is called shareholder base income. You get this income when you help policyholders by managing their funds. These funds are meant to pay for future claims on their policies.

The amount you earn as shareholder base income is what you credit to your shareholder base in a year. This is the money you get for providing services to policyholders. These services include managing and looking after the funds that will be used to pay future claims on their policies.

It’s important to note that this shareholder base income is different from the income mentioned in section EY 19. The money we’re talking about here is not included in that other section.

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Next up: EY 20: Shareholder base allowable deductions: non-participation policies

or “Allowable expenses for life insurers' non-participating policies”
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Part E Timing and quantifying rules
Life insurance rules: Non-participation policies

EY 19BShareholder base income: consideration credited for investment management services

  1. For an income year and a class of policies that are savings product policies and not profit participation policies, a life insurer has shareholder base income equal to the amount that is—

  2. credited to the shareholder base in the income year as consideration for services provided to policyholders in administering and managing funds intended for use in meeting future policyholder claims under the policies; and
    1. not included in the shareholder base income under section EY 19.

      Notes
      • Section EY 19B: inserted (with effect on 1 April 2015), on , by section 85(1) (and see section 85(2) and (3)) of the Taxation (Annual Rates for 2016–17, Closely Held Companies, and Remedial Matters) Act 2017 (2017 No 14).