TITLE

PURCHASE ANNUITIES

PUB. DATE
October 2012
SOURCE
Mail on Sunday;10/28/2012, p93
SOURCE TYPE
Newspaper
DOC. TYPE
Article
ABSTRACT
Purchase annuities are bought with private capital. Income, which varies according to age, is bought for life. One advantage is that part of the annual payment, the capital content, is treated as return of capital and is tax-free. The figures below show how much annual income can be bought at various ages with a single �10,000 lump sum.
ACCESSION #
82838302

 

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