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Normal annuity form |
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Normal annuity formThe manner in which retirement benefits are paid out.Normal annuity form Similar MatchesPurchased life annuityPurchased life annuitySee 'annuity'. Hybrid annuityHybrid annuityA type of insurance company investment that combines the benefits of both a fixed annuity and a variable annuity. Annuity certainAnnuity certainAn annuity that pays a specific amount on a monthly basis for a set amount of time. 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. Temporary annuityTemporary annuitySee: 'annuity'. Further Suggestionsannuity deferralAnnuity factor Annuity due Immediate payment annuity annuity Joint and survivor annuity compulsory purchase annuity Period certain annuity Nonqualifying annuity qualifying annuity Deferred nominal life Annuity Equivalent annual annuity Tax sheltered annuity escalating annuity joint life annuity Reverse annuity mortgages (RAM) Single Premium Deferred Annuity (SPDA) reverse annuity mortgage joint life and survivor annuity Annuity starting date Combination annuity Qualifying annuity annuity certain Deferred payment annuity Annuity in arrears |
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