Purchased life annuities
Assignment on divorce
Benefit of dependants
Capital element
Calculation
Carry forward of excess
Exceptions
Generally
Treatment
Charge to tax
Deduction of tax, payments received after
Generally
Income charged
Person liable
Purchased life annuity payments, meaning
Chargeable gains, gains on disposal of rights/interest in rights
Damages for personal injury
Deferred annuity purchase, gains on disposal of rights/interest in rights
Divorce, pension sharing
Generally
HMRC's powers
Immediate needs annuities
Income charged
Inheritance tax
Generally
Meaning
Normal expenditure out of income, exempt on
Interest relief
Generally
On or after 9 March 1999
Re-mortgages
Residence requirements
Interest, exception from duty to deduct tax
Loans to purchase pre-1999, interest relief
Meaning
Mortality tables
Normal expenditure out of income
Partial exemption
Appointment of tax representative
Calculation of exempt proportion, term dependent solely on duration of life
Calculation of exempt sum, term dependent solely on duration of life
Consideration for grant of annuities
Excluded annuities
Extent of exemption
Form not received, action to be taken
Form to be returned on completion
Generally
Information and declaration by annuitant
Initial steps for purchase
Method of calculation of exempt amount
Receipt of completed form, action to be taken
Record-keeping
Regulations, power to make
Person liable
Purchase price
Recognition of another's service
Regulations
Savings income
Sponsored superannuation schemes
Tax advantages
Third party payments of money/transfer of assets
Variable purchase, carry forward of excess of capital element
