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Joint life annuity |
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Joint life annuityIncome usually relevant to two people (for example man and wife) which continues until the death of the first person only.Similar MatchesAnnuity starting dateAnnuity starting dateThe date when an annuitant starts receiving payments from an annuity. Purchased life annuityPurchased life annuitySee 'annuity'. Variable annuityVariable 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 SuggestionsSingle life annuityAnnuity in arrears compulsory purchase annuity annuity deferral Combination annuity qualifying annuity Single Premium Deferred Annuity (SPDA) joint life and survivor annuity Qualifying annuity temporary annuity increasing life annuity reverse annuity mortgage annuity starting date annuity certain Normal annuity form Hybrid annuity Period certain annuity Annuity factor Annuity certain annuity Immediate payment annuity Life annuity Reverse annuity mortgages (RAM) Equivalent annual annuity escalating annuity |
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