income support

Definitions

Accounting

  • noun a government benefit paid to low-income earners who are working less than 16 hours per week, provided they can show that they are actively looking for jobs.

Economics

  • noun a class of payment made by the government to increase the incomes of individuals on low incomes and bring them up to a higher level. It is a means-tested benefit and was formerly called income per head Supplementary Benefit. In the case of people over the age of 60 it is also known as Minimum Income Guarantee (MIG) and in the case of disabled people it is also known as Disability Income Guarantee (DIG).

Law

  • noun financial help given by the state to families with low incomes
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