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    Income tax - Savings and investments - Taxable income from savings and investments - Annuities and annual payments - 24285

    Most annuities, and certain other annual payments, constitute taxable income in the hands of the recipient. - An annuity can be defined as an exchange of a capital amount for income. -Lady Foley...

    Can you cash in your annuity?

    Can you cash in your annuity?..Pension’s freedom. As you probably know, from 6 April 2015 pensions freedom comes into effect allowing people access to the whole of their funds when they reach...