Annuity deposit rates: income-band based percentage charges with capped maxima tied to income excesses. Rates and caps for annuity deposits are set by income bands: progressive percentage charges on adjusted total income apply to higher bands, subject to ... Summary
Annuity deposit rates: income-band based percentage charges with capped maxima tied to income excesses.
Rates and caps for annuity deposits are set by income bands: progressive percentage charges on adjusted total income apply to higher bands, subject to ceilings that limit the deposit to aggregated sums comprising a percentage on income within earlier bands plus one-half of the excess income over each band threshold. "Total income" is computed per income-tax rules without making a designated allowance, which affects the base for these percentage calculations and caps.
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