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Annuity due |
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Annuity dueAn annuity with n payments, where the first payment is made at time t = 0, and the last payment is made at time t = n - 1.Annuity due Similar MatchesAnnuity in arrearsAnnuity in arrearsAn annuity with a first payment one full period hence, rather than immediately. Annuity certainAnnuity certainAn annuity that pays a specific amount on a monthly basis for a set amount of time. Compulsory purchase annuityCompulsory purchase annuitySee 'annuity'. Deferred nominal life AnnuityDeferred nominal life AnnuityA monthly fixed-dollar payment beginning at retirement age. It is nominal because the payment is fixed in a dollar amount at any particular time, up to and including retirement. Retirement annuity contract (RAC)Retirement annuity contract (RAC)Prior to 30th June1988, people not in pensionable employment (employment where no pension scheme exists) or people who were self employed were able to qualify for tax relief for contributions made to a pension scheme known as a retirement annuity under sections 226 of the Income and Corporation Taxes Act 1970. Although RACs were replaced by personal pension plans from 1st July 1988 those already in force may continue to operate. Further SuggestionsTax sheltered annuityNormal annuity form Single life annuity Equivalent annual annuity Hybrid annuity Annuity starting date Life annuity joint life annuity annuity annuity deferral annuity starting date Joint and survivor annuity Period certain annuity temporary annuity variable annuity joint life and survivor annuity Combination annuity fixed annuity increasing life annuity Nonqualifying annuity purchased life annuity qualifying annuity Qualifying annuity reverse annuity mortgage Single Premium Deferred Annuity (SPDA) |
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