Drawdown or unsecured income2 the maximum amount of pension wealth that can be taken as income through drawdown is 120 percent of the best single life annuity payment for the relevant age and sex figure oup uncorrected proof revises 5 4 2011 spi compulsory and voluntary annuity markets in the united kingdom 173. Taxation the annuity income is taxed as regular income and is taxable in the year that the payment is received this is the same as in the united states where annuity payments once received are taxed as regular current income if the annuity was purchased with funds from a qualified pension. Securing lifelong retirement income global annuity markets and policy edited by olivia s mitchell john piggott and noriyuki takayama pension research council series cutting edge new research on a topic of current relevance chapters from leading experts in the field arguments supported by empirical data from a range of international examples. Interest in longevity and longevity risk management is burgeoning as government and regulatory agencies are increasingly conscious of the potential risks and benefits of longer lifespans commercial and industrial organizations especially within the financial sector are awakening to the opportunities presented by population aging along with the new array of financial insurance instruments . Securing lifelong retirement income global annuity markets and policy pensions research council tricks and tips for getting the most from social security duration policy safety send
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