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The basic income guarantee (BIG) is a government insured guarantee that no citizen's income will fall below some minimal level for any reason. All citizens would receive a BIG without means test or work requirement.
Guaranteed Income Bonds (GIBs) are offered by insurance companies, and pledge a fixed income over a certain amount of time, from one to five years.Guaranteed cash: a steady flow of cash is guaranteed but there are charges for early withdrawal.ny income in excess of 5% of the investment must be added to your other income for that tax year to decide if you are still a basic rate tax payer. Pros and cons. An attraction of the bonds is flexibility.