WHAT IS A PRESCRIBED ANNUITY?
A Prescribed Annuity offers the benefit of fixed-level taxation of your earnings through your Annuity agreement. This amount taxed is pre-determined, and remains in effect for the duration of the Annuity.
A fixed level of taxation means a Prescribed Annuity is very easy to plan for down the road, as you will know much your replacement income will be taxed throughout your Annuity. Prescribed Annuities work well with Term Certain plans, where your Annuity earnings will even regardless of other financial factors.
KEY BENEFITS OF PRESCRIBED ANNUITIES
- Set taxation for your annuity's duration.
- A simple plan to budget for, and easy to understand.
- With a term certain plan, provides a level income with no variations
- A stronger option for shorter term annuities
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