"Dave Plowman (News)" wrote in message
...
In article ,
michael adams mjadams25@ukonline wrote:
A "private income" is normally understood to mean an income
which people provide for themselves out of their own
investments by way of dividends and interest or personal
pensions to which they've contributed.

Far more likely to have been inherited.

Possibly. I was reading up on John Profumo the other day and
confirming the fact that after his disgrace and his taking up
charity work he lived solely on his private income. His wife
the actress Valeries Hobson had retired by then and they lived
in some style in a house near Regents Park. However his father
was only a barrister, and while they were Italian nobility
I thought they were all broke by that point, with crumbling
houses and sky high taxes, hence them buggering off to the UK.


Don't think many living on a pension they've worked for consider it a
private income.

Why not ? Apart from the stigma of inherited wealth which you've
attached to it, why wouldn't people be proud to have provided
themselves with a private income, known only to themselves, the
taxman and the pension provider ?


michael adams

....

Oops

Albert Profumo held the title of 4th Baron Profumo in the nobility of the
Kingdom of Sardinia. Profumo was born in Lambeth,London, England in 1879.
[1] His family made their fortune in insurance. He owned much of the
Provident Life of London


"michael adams" mjadams25@ukonline wrote in message
o.uk...

"Dave Plowman (News)" wrote in message
...
In article ,
michael adams mjadams25@ukonline wrote:
A "private income" is normally understood to mean an income
which people provide for themselves out of their own
investments by way of dividends and interest or personal
pensions to which they've contributed.

Far more likely to have been inherited.

Possibly. I was reading up on John Profumo the other day and
confirming the fact that after his disgrace and his taking up
charity work he lived solely on his private income. His wife
the actress Valeries Hobson had retired by then and they lived
in some style in a house near Regents Park. However his father
was only a barrister, and while they were Italian nobility
I thought they were all broke by that point, with crumbling
houses and sky high taxes, hence them buggering off to the UK.

Oops

Albert Profumo held the title of 4th Baron Profumo in the nobility of the
Kingdom of Sardinia. Profumo was born in Lambeth,London, England in 1879.
[1] His family made their fortune in insurance. He owned much of the
Provident Life of London




Don't think many living on a pension they've worked for consider it a
private income.

Why not ? Apart from the stigma of inherited wealth which you've
attached to it, why wouldn't people be proud to have provided
themselves with a private income, known only to themselves, the
taxman and the pension provider ?


michael adams

...