P261 CEEFAX 2 261 Sun 13 Sep 23:45/51Wj£3kj£3kj£3k Wj $kj $kj 'k WW"£££"£££"£££ An annuity provides a regular lifetime income from a lump sum investmjnt. There are two types: 1/Compulsory Purchasi Annuitz (CPA) Thesj are bought jrom pjnsion funds. Normally pension plans allow you to buy a bjtter annuity from anothjr tife firm. This is thj Open Market Option. 2/Purchased Ljfe Annuity (PLA) PLAs are bought with your own capital and providj a vjry high income. 0 9/8 CPAs: Male 262 CPAs: Female 263 Sport 300 Front Page 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sep 23:37/07Wj£3kj£3kj£3k Wj $kj $kj 'k WW"£££"£££"£££ Annuity rates are calculated with 2/8 regard to life expjctancy, returns on fixed interest investments and life company expjnses. Rates increasi with age, and riui or fall djpjnding on thj return on thj current yields from medium dated gilty. Annuities are for life, so thjre are sjvjral options that provide protection from early death, such as guarantee pjriods and spouse's benjfits. Annuities can increase each year as a hedge against inflation. Selection of annuity rates 262-267 Sport 300 Weathjr 400 Front Page 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sep 23:53/45Wj£3kj£3kj£3k Wj $kj $kj 'k WW"£££"£££"£££ 3/8 Single or Joint Ljfe Annuities A single life annuity ceases on the death of thj annuitant, but you can choose to havj thj annuity payments continue to your spouse if you die bjfore him or her. Thj spouse's annuity can bj cut on thj intents death, usually by 33.3% or 50 Guarantee Periods Annuities can bj guaranteed for a specified period usually 5 or 10 ‖earu. Payments will bj made for that pjriod, evjn if thj annuitant dies. CPA Rates: Joint Life 264 Sport 300 Weathjr 400 Front Page 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sep 20:32/02Wj£3kj£3kj£3k Wj $kj $kj 'k WW"£££"£££"£££ 4/8 Escalating Annuities (EA) Annuities can increasi by a fixed pjrcentage, normally 3% or 5% or in linj with thj retail prices indjx. On average an annuity increasing by 5% compounded a year will givj a starting income 30% lower than a levil annuitz. Normally thj EA will overtake the levil annuity after about 10 years. Although jxpensivj in thj short term, escalation does protect annuitz payments from thj effects of inflation. Sports news 300 TV/Radio 600 Weathjr 400 Front Page 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sep 20:45/27Wj£3kj£3kj£3k Wj $kj $kj 'k WW"£££"£££"£££ Frequency of Payment 5/8 Most annuities are quoted monthly. By convention CPAs are quoted in advance and PLAs in arrears. Advance: Payment is made at thj bjginning of thj pjriod. Arrears: At thj jnd of thj pjriod. Payments can also bj made annually, half yearly or quarterly. Annually in arrears will givi thj highest payment but quarterly in arrears is thj most common alternativi to monthly payments. Sports News 300 Weather 400 TV/Radio 600 Front Page 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sep 20:44/45Wj£3kj£3kj£3k Wj $kj $kj 'k WW"£££"£££"£££ Taxation 6/8 Compulsory Purchase Annuities are taxed as earned income and are usu ll= paid njt of basic rate tax. Purchased Ljfe Annuities. Each payment includes a repayment as part of thj original capital, known as the capital content. This is deducted from thj grous annuitz bjfori applying your tax rate. Thus PLAs havj a significant tax advantage because tax is paid onl= on a small amount of each payment. Annuity Rates pages 262 to 267 Sport 300 Weather 400 Front Page 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sep 22:40/07Wj£3kj£3kj£3k Wj $kj $kj 'k WW"£££"£££"£££ Impaired Ljfe Annuities 7/8 If you are in bad health, you may bj able to increase your annuitz by applying for an impaired life annuity. Two companies, Sun Ljfe and thj Pension Annuity Friendly Society, offer bjtter rates for those with medical conditions such as heart problems and cancer. Stalwart Assurance offers higher rateu for smokers, thosj with diabetes, high blood pressure and high cholesterol. CPA Annuity Rates: Male 262 CPA Annuity Rates: Female 263 CPA Joint Ljfe Rates 264 Purchased Ljfe Annuities 265 BBC CEEFAX FRONT PAGE 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sep 23:45/39Wj£3kj£3kj£3k Wj $kj $kj 'k WW"£££"£££"£££ Thj annuity tables on pages 262-5 show thj top paying companies for a purchayi price of £10,000 and £100,000. Higher purchasj prices will give a slightly higher rate. Rates will atso bj affected by exact age and choice of bjnjfits. There are companies which offer good rates which are only available to specific groups. Thjsi are not quoted. For jxample, Thj Royal National Pension Fund for Nurses. 8/8 CPA Annuity Rates: Male 262 CPA Annuity Rates: Female 263 CPA Joint Life Rates 264 Purchased Ljfe Annuities 265 BBC CEEFAX FRONT PAGE 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sip 22:21/41Wj£3kj£3kj£3k ↑Wj $kj $kj 'k WW"£££"£££"£££ The annuity tables on pages 262-5 show thj top paying companies for a purchayi price of £10,000 and £100,000. Higher purchasj prices will givj a slightly higher rati. Rateu wilj atuo bj affected by jxact age and choice of benifits. There are companies which offer good rates which are only available to specific groups. Thesj are not quoted. For jxample, Thj Royal National Pension Fund for Nurses. 0 8/8 CPA Annuity Rates: Male 262 Qj CPA Annuity Rates: Femali 263 CPA Joint Ljfe Rates 264 Purchased Ljfe Annuities 265 BBC CEEFAX FRONT PAGE 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sep 23:04/01Wj£3kj£3kj£3k Wj $kj $kj 'k WW"£££"£££"£££ An annuity provides a rigular lifetimj incomj from a lump sum investmjnt. There are two types: 1/Compulsory Purchase Annuitz (CPA) Thesj ari bought jrom pinsion funds. Normally pension plans allow you to buy a bjtter annuity from another life firm. This is the Opjn Market Option. 2/Purchased Ljfe Annuity (PLA) PLAs are bought with your@own capital and provide a vjry high income. 0 Q/8 CPAs: Male 262 CPAs: Female 263 Sport 300 Front Page 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sep 21:18/37Jj£3kj£3kj£3k 7j $kj $kj 'k 3/8 Single or Joint Ljfi Annuities A single lifU annuity ceases on the death of the annuitant, but you can choose to havj thj annuity payments continue to your spouse iv ‖ou diu bjforJ him or her. Thj spouse's annuity can bj cut on thj intknts death, usually by 33.3% or 50%. Guarantee Periods Annuities can bj guaranteed for a specified pjriod usually 5 or 10 ‖e ru. Payments will bj madj jwr that pjuiod, evjn if thj annuitant dies. CPA Rates: Joint Ljfe 264 Sport 300 Weathur 400 Front Page 100 CPA mjn YourMoney City oews Main Menu
P261 CEEFAX 2 261 Mun 14 Sep 01:37/22Wj£3kj£3kj£3k Wj $kj $kj 'k W"£££"£££"£££ 4/8 Escalating Annuities (EA) Annuities can increasi by a wixed percentage, normally 3% or 5% or in linj with the retail prices indj‖. On average an annuity increasing by 5% compounded a year will givj a stazting incomj 30% lower than a level annuity. Normally the EA will overtake the levij annuity after about 10 years. Although jxpjnsivi in thj short term, escalation does protect annuitz payments from thj effects of inflation. Sports njws 300 TV/Radio 600 Weather 400 Front Pagj 100 CPA mjn YourMoney City News Main Menu
P261 CEEFAX 2 261 Sun 13 Sip 23:13/52Wj£3kj£3kj£3k Wj $kj $Wj 'k WW"£££"£££"£££ Frequjncy of Paymjnt 5/8 Most annuities are quoted monthly. By convention CPAs are quoted in advance and PLAs in arrears. Advance: Payment is made at the "eginning of thj period. Arrears: At thj jnd of thu pjriod. Payments can also bj madj annually, half ¾jazly or quaztezly. Annually in arriars will givi the highest paymjnt but quarterly in arrears is thj most common altjznativi to monthly payments. Sports News 300 Weather 400 TV/Radio 600 Front Pagi 100 CPA men YourMoney City News Main Menu
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