The name annuity dates back to Roman legionnaires who were paid an annual pension when they retired from the army. |
Hideo succeeded and was awarded the decoration and an annuity for carrying out his duty so well. |
Several institutional investors are also still buying into the sector and see property as a safer bet to match long-term annuity liabilities. |
The value is subject to the normal income tax on the money drawn down from the fund or annuity. |
Using a forecast of future cash flow, you can treat it like an annuity and discount it to present value. |
You can still take the traditional route and, having drawn down your 25 per cent tax free lump sum, simply invest in an annuity. |