UK Annuities: FINANCIAL CONDUCT REGULATED SITES • QUALIFIED, TRUSTWORTHY ANNUITY ADVICE

Centralising Your Pension Annuity Search

BUT FIRST, SOME IMPORTANT INFORMATION THAT COULD BOOST YOUR RETIREMENT FINANCES Have you taken out a credit or store card, mortgage, secured loan, unsecured loan or hire purchase agreement in the last 10 years? If you have (or have had) a mortgage, loan or credit card with providers such as Barclaycard, Abbey, Santander, Littlewoods, MBNA, Halifax, HSBC, HBOS, Lloyds, Natwest, RBS or in fact any other credit provider, you may be able to reclaim up to £15,000 if you were sold PPI insurance - in most cases even if you have lost the paperwork. Learn more about PPI Claims now!


annuity comparisons Visit Open Annuities

You could increase your annuity by thousands. Make sure you recognise the best annuity advice when you get it. The more information about annuities you have, the more able you will be to recognise the best annuity advice when you receive it.
Visit Open Annuities Financial Services Register Number 530750


Annuity Plan Visit Pension Annuity Plan

You may be able to secure several thousand pounds more over your lifetime from annuity providers than your current pension provider. Many are unaware of this very important information. The more information you have, the more able you will be to recognise the best deal when you see it.
Visit Pension Annuity Plan Financial Services Register Number 530750


annuities plan Visit Annuities Plan

All fund sizes welcomed. Why should the annuity buyer be careful? Buying from your pension provider isn't always necessarily the best idea.
Visit Annuities Plan Financial Services Register Number 530750


annuity comparisons Visit Pension Annuity Planner

This company may be able to increase your standard pension annuity through enhanced annuities.
Visit Pension Annuity Planner Financial Services Register Number 530750


annuity comparisons Visit Annuity Base

Using specialist annuity industry search software, an FCA registered Independent Financial Adviser will query top annuity and annuity alternative providers' databases to help you compare and choose which one is the best for you.
Visit Annuity Base Financial Services Register Number 530750


annuity comparisons Visit The Enhanced Annuity

Specialists in enhanced annuities. It is estimated that up to 40% of the UK population could boost their pension annuity income with an "enhanced annuity".
Visit The Enhanced Annuity Financial Services Register Number 483817


annuity comparisons Visit Annuity Comparisons

Why would you use an automated annuity comparison website when an authorised, qualified pension consultant can advise you which is the best annuity for free with no obligation to buy? There are many reasons why you should not trust your future income to comparison tables on faceless sites. In some matters you need absolute certainty.
Visit Annuity Comparisons Financial Services Register Number 483817


annuity comparisons Visit Annuities Extra

Pension annuities for those of us who are not in the best of health. If you've a health problem, no matter how small or insignificant you think it is, you'll stand an increased chance of a higher annuity income.
Visit Annuities Extra Financial Services Register Number 483817


annuity comparisons Visit Simple Annuities

Finding an annuity does not have to be difficult. Pension annuity retirement finance experts with vast experience of annuities are waiting to help you. Compare pension annuities and annuity alternatives now.
Visit Simple Annuities Financial Services Register Number 483817


annuity comparisons Visit The Female Annuity

1000's of women retire every week in the UK. Compare annuities for women and their alternatives.
Visit The Female Annuity Financial Services Register Number 460094


annuity comparisons Visit Annuity Pathway

Your simple pension annuity journey. How you might take the wrong annuity route and lose the annuity income that is rightfully yours.
Visit Annuity Pathway Financial Services Register Number 460094


annuity comparisons Visit Just One Bite Annuities

How a pension annuity will affect your life. You will only get one bite of the annuity apple. Once you buy an annuity, there's no going back.
Visit Just One Bite Annuities Financial Services Register Number 460094


annuity comparisons Visit Pension Annuities Plus

Your annuity income may increase if you have had certain conditions such as high blood pressure, asthma or high cholesterol. This is also true for smokers and for those who have worked in certain occupations. Get pension annuity comparisons now.
Visit Pension Annuities Plus Financial Services Register Number 483817


annuity comparisons Visit Annuity Answers

Why should the pension annuity buyer beware and why do so many retirees ignore a much bigger annuity income? Compare annuities now.
Visit Annuity Answers Financial Services Register Number 483817


annuity comparisons Visit Smokers Annuities

Your lifespan as a smoker and your annuity options. We're sorry to be blunt, but you most likely already know that smokers, in general, have shorter lifespans than non-smokers. Of course annuity providers are well aware of this unfortunate fact of life. Increase your annuity now.
Visit Smokers Annuities Financial Services Register Number 483817


annuity comparisons Visit Annuity Key

Unlike some companies, all fund sizes are accepted. The Retirement Income Customer Hotline Limited may be able to boost your pension income by more than 40% compared with your current pension provider's offering.
Visit Annuity Key Financial Services Register Number 460094


annuity comparisons Visit Buy an Annuity

Buying an annuity from your pension provider isn't always necessarily the best option! You might be able to secure several thousand pounds more over your retirement from annuity providers than your current pension provider.
Visit Buy an Annuity Financial Services Register Number 154622


annuity office Visit Annuity Office

We recognise our annuity clients as individuals, which is why we deal with every case on a one-to-one individual basis. Did you know for instance that your income may increase if you have had certain health problems such as high blood pressure, high cholesterol or asthma? This is also true for smokers and for those who have worked in certain occupations.
Visit Annuity Office Financial Services Register Number 483817


ANNUITIES: Annuities Tax, Annuities Taxation


Pensions and Annuities Tax Research:

Retirement Annuities paid to Non-Residents - FAQs

Frequently Asked Questions Q1 What are Retirement Annuities and Retirement Annuity Contracts (RACs)? Q2 How are RACs taxed at the present time (i.e. up to 5 April 2007)? Q3 I am not resident in the UK and I have been paying tax on my annuity is this correct? Q4 I am non-resident how can I receive my annuity without tax being taken off? Q5 If I complete a form AF how long will this application apply for? Q6 What are the changes that will happen to my RAC on 6 April 2007? Q7 Why are the changes being made? Q8 I have lived abroad for some of the time. How does this affect my tax position? Q9 My annuity has been exempted from UK tax under a Double Taxation Agreement – does this still apply? Q10 My annuity is exempted under a Double Taxation Agreement why have you written to me? Q11 Why have I received a letter and form to fill in from HMRC (Leicester Tax Office)? Q12 I have got more than one annuity will I get a letter and form from HMRC for each one? Q13 I have got more than one annuity will I get a tax code number for each one in April 2007? Q14 I already have a tax reference number. Why do I have to tell the Tax Office what it is? Q15 Will I have to start paying tax (from now or from April 2007)? Q16 I have never had to pay tax before and never had anything from the Tax Office. Will I start getting forms to fill in every year? Q17 Can I get a repayment if I have paid too much tax on my annuity? Q18 Will I have to pay any back tax if I have not paid enough? Q19 Where can I find out what my National Insurance Number (NINO) is? Q20 What happens if cannot find it or if I don’t have a NINO? Q21 I am still paying contributions into my Retirement Annuity Contract (RAC). Will the Pension Simplification changes being made in April 2006 affect me? Q22 My retirement annuity is quite small. Can I cash it in for a lump sum payment? Q23 My annuity is currently “excluded income” for Section 128 – will this still apply after April 2007? Q24 Does this mean that I will still pay the same amount of tax on my annuity after April 2007? Q25 Where can I get more help? Q1 What are Retirement Annuities and Retirement Annuity Contracts (RACs)? A1. Retirement Annuities are paid out of Retirement Annuity Contracts. No new RACs can be taken out after 1988, but contracts started before that date can continue until the annuitant retires. RACs were mainly taken out by self-employed people and company directors. Q2 How are RACs taxed at the present time (i.e. up to 5 April 2007)? A2. Retirement Annuities are currently taxed at a basic rate of 22% by the companies who pay them. This will continue to apply until 5 April 2007. Q3 I am not resident in the UK and I have been paying tax on my annuity is this correct? A3. If you are non-resident in the UK you are normally taxable on your UK income. This means tax should be deducted from your annuity. Q4 I am non-resident how can I receive my annuity without tax being taken off? A4. If you are non-resident you can receive your annuity without tax being taken off if you: don't have enough UK income to pay UK tax – if this applies you should complete a form AF (PDF 7K). You can get this form from the company that pays your annuity. After completing the AF send it to HMRC Residency are resident in a country which has a Double Taxation Agreement with the UK under which you can claim exemption from UK tax on your annuity. (You can download a claim form or we can send you one). Q5 If I complete a form AF how long will this application apply for? A5. The forms AF will only apply up to 5 April 2007. Up to that time you can make a claim on the form AF if you meet all of the following conditions: You are not resident in the UK You are entitled to UK personal allowances Your total UK income is less that your UK personal tax allowances You can get the form AF from the company that pays your annuity. Send the completed form to HMRC Residency. Q6 What are the changes that will happen to my RAC on 6 April 2007? A6. From 6 April 2007 all retirement annuities, except Purchased Life Annuities, will be taxed under Pay As You Earn (PAYE) just like any other personal pension. Q7 Why are the changes being made? A7. Some annuitants are only liable to pay tax on part of their annuity and possibly only at the 10% starting rate. These annuitants have to make annual repayment claims to get back the tax that they have overpaid. By taxing annuities under PAYE it will mean that the right amount of tax is taken off when the annuity is paid. Q8. I have lived abroad for some of the time. How does this affect my tax position? A8. There are different tax situations depending on where you live and how long you are out of the UK. You should write a letter setting out your personal circumstances and send it to HMRC. RACS. Leicester and Northants LPO. Saxon House. 1,Causeway Lane. Leicester. LE1 4AE. Or you can telephone HMRC Residency Help line on : + 44 (0) 151 210 2222. Make sure that you quote your National Insurance number (NINO), if you know it. Q9 My annuity has been exempted from UK tax under a Double Taxation Agreement – does this still apply? A9. Yes – nothing will change unless your circumstances change – if they do you must tell us immediately. Q10 My annuity is exempted under a Double Taxation Agreement why have you written to me? A10. We have written to you because we cannot find any tax records for you. You don't have to complete the form attached to our letter, but we need to know the reference number on the exemption letter that we originally sent you. Q11 Why have I received a letter and form to fill in from HMRC (Leicester Tax Office)? A11. HMRC is starting to set up the new PAYE records for all resident and non-resident annuitants. Leicester tax office are starting off the initial work and they are writing to you because they cannot find an existing tax record for you. They need you to give some information to help us work out what your PAYE tax code number will be from April 2007. They will also be able to let you know if you are paying too much tax at the present time. Q12 I have got more than one annuity will I get a letter and form from HMRC for each one? A12. It is possible that this will happen, particularly if you have annuities with different companies. HMRC will try to prevent multiple letters being issued, but if you receive more than one, you only need fill in the first one, but you should send back any others saying you have already filled one in. Q13 I have got more than one annuity will I get a tax code number for each one in April 2007? A13. You will get separate tax code numbers if your annuities are with different companies. If you have more than one annuity with the same company you might just get one code number which will be used against all annuities, or you might get separate code numbers for each one. This depends on how the company’s payroll system is set up. We will let you know what tax code (s) will be operating for each annuity early in 2007. Q14 I already have a tax reference number. Why do I have to tell the Tax Office what it is? A14. We have written to you because we cannot find a tax record for you. This might be because the information provided by the company paying your annuity is slightly different from the details we hold for you. For example, your address might have changed. Just complete the first part of the form giving details of your full name, address, Tax reference number and National Insurance number. Q15 Will I have to start paying tax (from now or from April 2007)? A15. The new system won't start until April 2007, so nothing will change until then unless you are paying too much tax. But from April 2007 every annuitant will pay the right amount of tax. This will mean that if you should have been paying some tax at the moment, you won't have to start paying until April 2007. Q16 I have never had to pay tax before and never had anything from the Tax Office. Will I start getting forms to fill in every year? If your annuity is exempted from UK tax under a Double Taxation Agreement you won't pay tax unless you move to another country, in which case you must tell us. You won't have to complete any forms if your exempted annuity is your only UK income. Even if your annuity is not exempted under a double taxation agreement you won't get a form every year unless your financial affairs are complicated or you have a lot of income. Once HMRC has worked out your tax code number from April 2007, you will only get a simple form every few years to make sure you are still on the right code number. But if your circumstances change you should let us know as soon as possible so that we can check if your code needs to be changed. Q17 Can I get a repayment if I have paid too much tax on my annuity? A17. Yes. You can claim a repayment for up to 6 years. This means that if you make a claim before 31 January 2007, you can be repaid back to April 2000. Q18 Will I have to pay any back tax if I have not paid enough? A18. It is possible that if you completed a form AF when you first started receiving your annuity, your circumstances may have changed and you should have paid some tax. HMRC will NOT ask you pay any tax which you should have paid for all years up to 5 April 2007, unless there is evidence that you have deliberately avoided paying the tax. Q19 Where can I find out what my National Insurance Number (NINO) is? A19. This will be on your pension or benefit book or card, or on any letter from Department of Work and Pensions (DWP). It might also be on any old wages slips or tax forms. Q20 What happens if cannot find it or if I don’t have a NINO? A20. Don’t worry. Not everyone has a National Insurance number. HMRC will be able to check with DWP to see if you have one, and if you don’t whether you need one. Q21 I am still paying contributions into my Retirement Annuity Contract (RAC). Will the Pension Simplification changes being made in April 2006 affect me? A21. The new pension simplification rules may benefit you. You should phone the HMRC Pensions help line for more information on : + 44 (0) 115 974 1600 or + 44 (0) 115 974 1777 (9.00 to 17.00 Monday to Friday) Q22 My retirement annuity is quite small. Can I cash it in for a lump sum payment? A22. You might be able to do this. You should contact the company paying your annuity or phone the HMRC pensions help line on: + 44 (0) 115 974 1600 or + 44 (0) 115 974 1777 (9.00 to 17.00 Monday to Friday) Q23 My annuity is currently “excluded income” for Section 128 – will this still apply after April 2007? A23. Your annuity will still be excluded income under Section 128 and the tax due will be limited to the tax deducted at source – the amount of tax due will be determined by the code number that should be operated for the tax year. Q24 Does this mean that I will still pay the same amount of tax on my annuity after April 2007? A24. We will use the information that you give us to work out your tax code and this may mean that you pay a different amount of tax in the future. Q25 Where can I get more help? A25. You can telephone HMRC Residency Help line on: + 44 (0) 151 210 2222, or write to HMRC. RACS. Leicester and Northants LPO. Saxon House. 1 Causeway Lane. Leicester. LE1 4AE. ?©Crown Copyright Keywords: Pension, Annuities, Annuity, Pensions, Annuities Tax, Taxation Please note that the annuities and income drawdown information contained within the articles and general text on Annuities Central may not be intended for annuity consumer use, may no longer be current and should not be used by consumers to make financial decisions. It is very important that you don't use this annuity information in isolation to decide which annuity or annuity alternative to buy. Annuity comparisons and pensions information or opinions expressed are made as at the date of this publication and are subject to change without notice. Always seek the help of an annuity broker before you buy an annuity.

annuity comparisons Visit Open Annuities

You could increase your annuity by thousands. Make sure you recognise the best annuity advice when you get it. The more information about annuities you have, the more able you will be to recognise the best annuity advice when you receive it.
Visit Open Annuities Financial Services Register Number 530750


Annuity Plan Visit Pension Annuity Plan

You may be able to secure several thousand pounds more over your lifetime from annuity providers than your current pension provider. Many are unaware of this very important information. The more information you have, the more able you will be to recognise the best deal when you see it.
Visit Pension Annuity Plan Financial Services Register Number 530750


annuities plan Visit Annuities Plan

All fund sizes welcomed. Why should the annuity buyer be careful? Buying from your pension provider isn't always necessarily the best idea.
Visit Annuities Plan Financial Services Register Number 530750


annuity comparisons Visit Pension Annuity Planner

This company may be able to increase your standard pension annuity through enhanced annuities.
Visit Pension Annuity Planner Financial Services Register Number 530750


annuity comparisons Visit Annuity Base

Using specialist annuity industry search software, an FCA registered Independent Financial Adviser will query top annuity and annuity alternative providers' databases to help you compare and choose which one is the best for you.
Visit Annuity Base Financial Services Register Number 530750


annuity comparisons Visit The Enhanced Annuity

Specialists in enhanced annuities. It is estimated that up to 40% of the UK population could boost their pension annuity income with an "enhanced annuity".
Visit The Enhanced Annuity Financial Services Register Number 483817


annuity comparisons Visit Annuity Comparisons

Why would you use an automated annuity comparison website when an authorised, qualified pension consultant can advise you which is the best annuity for free with no obligation to buy? There are many reasons why you should not trust your future income to comparison tables on faceless sites. In some matters you need absolute certainty.
Visit Annuity Comparisons Financial Services Register Number 483817


annuity comparisons Visit Annuities Extra

Pension annuities for those of us who are not in the best of health. If you've a health problem, no matter how small or insignificant you think it is, you'll stand an increased chance of a higher annuity income.
Visit Annuities Extra Financial Services Register Number 483817


annuity comparisons Visit Simple Annuities

Finding an annuity does not have to be difficult. Pension annuity retirement finance experts with vast experience of annuities are waiting to help you. Compare pension annuities and annuity alternatives now.
Visit Simple Annuities Financial Services Register Number 483817


annuity comparisons Visit The Female Annuity

1000's of women retire every week in the UK. Compare annuities for women and their alternatives.
Visit The Female Annuity Financial Services Register Number 460094


annuity comparisons Visit Annuity Pathway

Your simple pension annuity journey. How you might take the wrong annuity route and lose the annuity income that is rightfully yours.
Visit Annuity Pathway Financial Services Register Number 460094


annuity comparisons Visit Just One Bite Annuities

How a pension annuity will affect your life. You will only get one bite of the annuity apple. Once you buy an annuity, there's no going back.
Visit Just One Bite Annuities Financial Services Register Number 460094


annuity comparisons Visit Pension Annuities Plus

Your annuity income may increase if you have had certain conditions such as high blood pressure, asthma or high cholesterol. This is also true for smokers and for those who have worked in certain occupations. Get pension annuity comparisons now.
Visit Pension Annuities Plus Financial Services Register Number 483817


annuity comparisons Visit Annuity Answers

Why should the pension annuity buyer beware and why do so many retirees ignore a much bigger annuity income? Compare annuities now.
Visit Annuity Answers Financial Services Register Number 483817


annuity comparisons Visit Smokers Annuities

Your lifespan as a smoker and your annuity options. We're sorry to be blunt, but you most likely already know that smokers, in general, have shorter lifespans than non-smokers. Of course annuity providers are well aware of this unfortunate fact of life. Increase your annuity now.
Visit Smokers Annuities Financial Services Register Number 483817


annuity comparisons Visit Annuity Key

Unlike some companies, all fund sizes are accepted. The Retirement Income Customer Hotline Limited may be able to boost your pension income by more than 40% compared with your current pension provider's offering.
Visit Annuity Key Financial Services Register Number 460094


annuity comparisons Visit Buy an Annuity

Buying an annuity from your pension provider isn't always necessarily the best option! You might be able to secure several thousand pounds more over your retirement from annuity providers than your current pension provider.
Visit Buy an Annuity Financial Services Register Number 154622


annuity office Visit Annuity Office

We recognise our annuity clients as individuals, which is why we deal with every case on a one-to-one individual basis. Did you know for instance that your income may increase if you have had certain health problems such as high blood pressure, high cholesterol or asthma? This is also true for smokers and for those who have worked in certain occupations.
Visit Annuity Office Financial Services Register Number 483817