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

Centralising Your Pension Annuity Search

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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.
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All fund sizes welcomed. Why should the annuity buyer be careful? Buying from your pension provider isn't always necessarily the best idea.
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This company may be able to increase your standard pension annuity through enhanced annuities.
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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.
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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".
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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.
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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.
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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.
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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


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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


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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


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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


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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


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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.
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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 News


Pensions and Annuities Research:

Income Tax (Trading and Other Income) Bill
Part 6 — Exempt income
Chapter 7 —

Purchased life annuity payments

314 (a) any amount relating to changes in the value of a FOTRA security, or (b) expenses related to holding it or to any transaction concerning it. (2) Condition A is that the person is the beneficial owner of the security. (3) Condition B is that the person is a person who would be exempt from tax on the security under this Chapter. 5 Chapter 7 Purchased life annuity payments Partial exemption for purchased life annuity payments 717 Exemption for part of purchased life annuity payments (1) No liability to income tax arises under Chapter 7 of Part 4 in respect of so much 10 of an annuity payment made under a purchased life annuity as is within this subsection in accordance with section 719 (extent of exemption). (2) Subsection (1) is subject to section 718. (3) The exemption under this section requires a claim. (4) In this Chapter “purchased life annuity” has the same meaning as in Chapter 7 15 of Part 4 (see section 423). 718 Excluded annuities (1) The exemption in section 717(1) does not apply to payments made under the annuities specified in subsection (2). (2) The annuities are— 20 (a) an annuity the whole or part of the consideration for which consisted of sums satisfying the conditions for relief under section 266 of ICTA (life assurance premiums), (b) an annuity purchased following a direction in a will, and (c) an annuity purchased to provide for an annuity payable as a result of a 25 will or settlement out of income of property disposed of by the will or settlement. (3) For the purposes of subsection (2)(c), it does not matter whether or not capital could also be used to pay the annuity. 719 Extent of exemption under section 717 30 (1) This section sets out the rules for determining the extent to which an annuity payment is within the exemption in section 717(1). (2) The rules depend on— (a) whether or not the amount of the annuity payments under the annuity depends solely on the duration of a human life or lives (see subsections 35 (3) to (5)), and (b) whether or not the annuity’s term depends solely on the duration of a human life or lives (see subsections (6) to (8)). Income Tax (Trading and Other Income) Bill Part 6 — Exempt income Chapter 7 — Purchased life annuity payments 315 (3) If the amount of the annuity payments depends solely on the duration of a human life or lives, the same proportion of each payment (“the exempt proportion”) is exempt. (4) But if the amount of the annuity payments also depends on another contingency, each payment is exempt so far as it does not exceed a fixed sum (“the exempt sum”). 5 (5) If an annuity payment within subsection (4) is less than the exempt sum, the shortfall is added to the exempt sum for the next payment (and so on). (6) The ways to determine the exempt proportion and the exempt sum differ according to whether or not the annuity’s term depends solely on the duration of a human life or lives. 10 (7) If the annuity’s term depends solely on the duration of a human life or lives— (a) the exempt proportion is determined as set out in section 720, and (b) the exempt sum is determined as set out in section 721. (8) If the annuity’s term also depends on another contingency— (a) the exempt proportion is the proportion which is just and reasonable, 15 having regard to the contingencies affecting the annuity and to section 720, and (b) the exempt sum is the amount which is just and reasonable, having regard to the contingencies affecting the annuity and to section 721. 720 Exempt proportion: term dependent solely on duration of life 20 (1) In the case of an annuity within section 719(7) (term dependent solely on duration of life), the exempt proportion is —equation: cross[times[char[A],char[P]],over[times[char[P],char[P]],times[char[A],char[V]]]] where— AP is the annuity payment, PP is the purchase price of the annuity, and 25 AV is the actuarial value of the annuity payments. (2) The purchase price of the annuity is the total amount or value of the consideration given for the annuity. (3) The actuarial value of the annuity payments is their value at the date when the first of the payments starts to accrue. 30 (4) That value is determined— (a) by reference to tables of mortality prescribed under section 724, (b) taking the age at that date of a person during whose life the annuity is payable as that person’s age in whole years on that date, and (c) without discounting any payment for the time to elapse before it is 35 payable. (5) But if it is not possible to determine that actuarial value by reference to the tables mentioned in subsection (4)(a), it is such amount as may be certified by the Government Actuary or the Deputy Government Actuary. Income Tax (Trading and Other Income) Bill Part 6 — Exempt income Chapter 7 — Purchased life annuity payments 316 721 Exempt sum: term dependent solely on duration of life (1) In the case of an annuity within section 719(7) (term dependent solely on duration of life), the exempt sum is —equation: cross[cross[times[char[P],char[P]],over[num[1.0000000000000000,"1"],times[char[T], char[Y]]]],over[times[char[P],char[M]],num[12.0000000000000000,"12"]]] where— PP is the purchase price of the annuity, 5 TY is the expected term of the annuity in years (and any odd fraction of a year), and PM is the period in months (and any odd fraction of a month) in respect of which the annuity payment is made. (2) The purchase price of the annuity is the total amount or value of the 10 consideration given for the annuity. (3) The expected term of the annuity is the period from the date when the first annuity payment starts to accrue to the date when it is expected that the last payment will become payable. (4) The expected term of the annuity is determined— 15 (a) as at the date when the first annuity payment starts to accrue, (b) by reference to tables of mortality prescribed under section 724, and (c) taking the age at that date of a person during whose life the annuity is payable as that person’s age in whole years on that date. (5) But if it is not possible to determine that term by reference to the tables 20 mentioned in subsection (4)(b), it is such period as may be certified by the Government Actuary or the Deputy Government Actuary. 722 Consideration for the grant of annuities (1) This section applies if the amount or value given for an annuity is to be determined for the purposes of sections 720(2) or 721(2) and either— 25 (a) consideration is not given solely for the annuity, or (b) it appears that the amount or value of the consideration nominally given for it affected, or was affected by, the consideration given for something else. (2) For the purposes of subsection (1), consideration given for a right to a return of 30 premiums or of other consideration for an annuity is treated as given solely for the annuity. (3) If subsection (1)(a) applies, the consideration is to be apportioned in such way as is just and reasonable. (4) If subsection (1)(b) applies, the total amount or value of the considerations 35 given is to be apportioned in such way as is just and reasonable. 723 Determinations (1) Any question— Income Tax (Trading and Other Income) Bill Part 6 — Exempt income Chapter 7 — Purchased life annuity payments 317 (a) whether an annuity is a purchased life annuity for the purposes of section 717, or (b) how much of an annuity payment is exempt, is to be determined by the Inland Revenue. (2) A person aggrieved by the Inland Revenue’s determination may appeal to the 5 Special Commissioners. (3) If a person making a payment under an annuity— (a) has been given notice of such a determination in the way prescribed under section 724, and (b) has not been notified of any alteration of it, 10 the determination is conclusive for determining the amount of income tax the person may or must deduct from it or for which the person is liable in respect of it. (4) A notification of an alteration of a previous determination of any question is itself a determination for the purposes of this Chapter. 15 (5) Subsection (6) applies if a person making an annuity payment to which the exemption in section 717(1) applies has not been given notice in the way prescribed under section 724 of the amount which is exempt. (6) The amount of income tax the person may or must deduct, or for which the person is liable, is the amount it would be if none of the payment were exempt. 20 (7) A person who knowingly makes any false statement or false representation for the purpose of obtaining any exemption from or repayment of tax for any person under sections 717 to 722, this section or section 724 is liable to a penalty not exceeding £3,000. 724 Regulations 25 (1) The Board of Inland Revenue may by regulations— (a) prescribe the procedure to be used in giving effect to sections 717 to 723 and this section where no provision is made in those provisions, (b) apply any provision of the Income Tax Acts, with or without modifications, for the purposes of those provisions or the regulations, 30 (c) prescribe tables of mortality for the purposes of sections 720(4) and 721(4). (2) The regulations may, in particular, make provision about— (a) the time limit for making a claim for exemption from tax under section 717(1) or any consequential repayment of tax, 35 (b) the information to be provided in connection with the determination of the questions mentioned in section 723(1) and the persons who may be required to provide it, (c) the way in which such a determination is to be notified to the person making the annuity payments, 40 (d) the way in which such a determination is to be given effect and the making of assessments for that purpose on the person entitled to the annuity, (e) the extent to which such a determination is to be binding and the circumstances in which it may be reviewed, and 45 (f) the time limit for appealing against such a determination. Income Tax (Trading and Other Income) Bill Part 6 — Exempt income Chapter 7 — Purchased life annuity payments 318 (3) Subsection (2)(d) applies despite anything in section 348 of ICTA (charges on income). Immediate needs annuities 725 Annual payments under immediate needs annuities (1) No liability to income tax arises under Chapter 7 of Part 4 in respect of so much 5 of an annual payment made under an immediate needs annuity as is made— (a) for the benefit of the person protected under that annuity, and (b) to a care provider or a local authority in respect of the provision of care for that person. (2) In this section “immediate needs annuity” means a contract for a purchased life 10 annuity— (a) the purpose or one of the purposes of which is to protect a person against the consequences of the person being unable, at the time the contract is made, to live independently without assistance because of a condition to which subsection (3) applies, and 15 (b) under which benefits are payable in respect of the provision of care for the person protected. (3) This subsection applies to— (a) mental or physical impairment, or (b) injury, sickness or other infirmity, 20 which is expected to be permanent. (4) In this section and section 726 “care” means accommodation, goods or services which it is necessary or desirable to provide to a person because of a condition to which subsection (3) applies. (5) In this section— 25 “care provider” has the meaning given in section 726, and “purchased life annuity” has the same meaning as in Chapter 7 of Part 4 (see section 423). (6) The Treasury may by order amend— (a) subsection (2), and 30 (b) subsection (3), so far as it applies for the purposes of subsection (2). 726 Meaning of “care provider” (1) In section 725 “care provider” means a person who— (a) carries on a trade, profession or vocation which consists of or includes the provision of care, and 35 (b) meets the care registration requirement. (2) A person meets the care registration requirement in relation to care provided in England and Wales if the person is registered under Part 2 of the Care Standards Act 2000 (c. 14) in respect of the provision of care. (3) A person meets the care registration requirement in relation to care provided 40 in Scotland if the person provides care as, or as part of, a service which is registered under Part 1 of the Regulation of Care (Scotland) Act 2001 (asp 8). Income Tax (Trading and Other Income) Bill Part 6 — Exempt income Chapter 8 — Other annual payments 319 (4) A person meets the care registration requirement in relation to care provided in Northern Ireland if the person is registered in respect of the provision of care under— (a) Part 2 or 3 of the Registered Homes (Northern Ireland) Order 1992 (S.I. 1992/3204 (N.I. 20)), or 5 (b) Part 3 of the Health and Personal Social Services (Quality, Improvement and Regulation) (Northern Ireland) Order 2003 (S.I. 2003/431 (N.I. 9)). (5) A person meets the care registration requirement in relation to care provided in a territory outside the United Kingdom if the person meets requirements 10 under the law of that territory relating to the provision of care that are comparable to those mentioned in subsections (2) to (4). (6) The Treasury may by order amend this section. Chapter 8 Other annual payments 15 Certain annual payments by individuals 727 Certain annual payments by individuals (1) No liability to income tax arises under Part 5 in respect of an annual payment if it— (a) is made by an individual, and 20 (b) arises in the United Kingdom. (2) Subsection (1) is subject to— section 728 (commercial payments), and section 729 (payments for non-taxable consideration). (3) Subsection (1) also applies to a payment made by an individual’s personal 25 representatives if— (a) the individual would have been liable to make it, and (b) that subsection would have applied if the individual had made it. (4) For the purposes of subsection (1) and section 728, “individual” includes a Scottish partnership if at least one partner is an individual. 30 728 Commercial payments A payment by an individual is not exempt from income tax under section 727(1) if it is made for commercial reasons in connection with the individual’s trade, profession or vocation. 729 Payments for non-taxable consideration 35 (1) A payment that meets condition A is only exempt from income tax under section 727(1) if condition B or C is met. (2) Condition A is that— Income Tax (Trading and Other Income) Bill Part 6 — Exempt income Chapter 8 — Other annual payments 320 (a) the payment is made under a liability incurred at any time for consideration in money or money’s worth, and (b) some or all of the consideration is not required to be brought into account in calculating the payer’s income for income tax purposes. (3) Condition B is that the payment is income within section 627(1) (payments on 5 divorce or separation) in the recipient’s hands. (4) Condition C is that the payment is made to an individual under a liability incurred at any time in consideration of the individual surrendering, assigning or releasing an interest in settled property to or in favour of a person with a subsequent interest. 10 (5) In the application of subsection (4) to Scotland, the reference to settled property is to be read as a reference to property held in trust. 730 Foreign maintenance payments (1) No liability to income tax arises under Part 5 in respect of an annual payment if— 15 (a) it is a maintenance payment, (b) it arises outside the United Kingdom, and (c) had it arisen in the United Kingdom it would be exempt from income tax under section 727 (certain annual payments by individuals). (2) In subsection (1) “maintenance payment” means a periodical payment which 20 meets conditions A and B. (3) Condition A is that the payment is made under a court order or a written or oral agreement. (4) Condition B is that the payment is made by a person— (a) as one of the parties to a marriage to, or for the benefit of, and for the 25 maintenance of, the other party, (b) to any person under 21 for that person’s own benefit, maintenance or education, or (c) to any person for the benefit, maintenance or education of a person under 21. 30 (5) In subsection (4) “marriage” includes a marriage that has been dissolved or annulled. (6) Subsection (1) also applies to a payment made by an individual’s personal representatives if— (a) the individual would have been liable to make it, and 35 (b) that subsection would have applied if the individual had made it. Periodical payments of personal injury damages etc. 731 Periodical payments of personal injury damages (1) No liability to income tax arises for the persons specified in section 733 in respect of periodical payments to which subsection (2) applies or annuity 40 payments to which subsection (3) applies. (2) This subsection applies to periodical payments made pursuant to— © Parliamentary Copyright Keywords: Pension, Annuities, Annuity, Pensions 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