Alec Ure Consultant Alec Ure Associates and Gavin Moffatt Senior Technical Adviser SBJ Benefit Consultants City Division explain the potential pitfalls and benefits of setting up a Hancock Annuity post A-Day
What were they?
The original tax case from which the name derived was Hancock v General Reversionary and Investment Co Ltd7 TC 358 in 1919. That case concerned the tax relief on the cost of purchasing an annuity to replace a pension which was already being paid by the employer.
Under later developments Hancock Annuities were normally secured by a single premium payment as a means of providing benefits (pension and/or lump sum) for an employee...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
Alec Ure Consultant Alec Ure Associates and Gavin Moffatt Senior Technical Adviser SBJ Benefit Consultants City Division explain the potential pitfalls and benefits of setting up a Hancock Annuity post A-Day
What were they?
The original tax case from which the name derived was Hancock v General Reversionary and Investment Co Ltd7 TC 358 in 1919. That case concerned the tax relief on the cost of purchasing an annuity to replace a pension which was already being paid by the employer.
Under later developments Hancock Annuities were normally secured by a single premium payment as a means of providing benefits (pension and/or lump sum) for an employee...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
