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To invest in an annuity, you need to pay a lump sum, not monthly payments like with other types of investments. Annuities pay out in either regular, monthly payments (like a normal income) or in larger, or less frequent payments.
Compulsory Purchase Annuity is one of two types of annuities. This type of annuity is treated as taxable earned income, and it is purchased from a pension scheme.
A Purchased Life Annuity is the second type of annuity. This type of annuity is subject to lower tax rates because the annuities are purchases with personal funds. Plan ahead and guarantee yourself income for retirement by investing in an annuity. Let us help you find the best annuity option for you today.
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