Net income -  this term is defined as the sum of all income from employment (wages and income from self-employment), capital income (including interest received and returns on securities) and various transfers (e.g. different types of pensions, unemployment benefit, child allowance, cash for care, housing benefit, social assistance etc.) received in a year. Deductions comprise assessed taxes and negative transfers (i.e. job-related pension premiums and child maintenance paid). For the majority of households, this income will correspond to the amount available to spend on consumption and savings.