Annuity income is free of tax

If you buy an annuity, the payment that you receive each month is free of personal income tax.

Here is an example:

- you invest $100,000 in a life annuity at age 62
- you get $446 a month (giving a return of 5.3% yearly)
- your annuity income is increased yearly by the bonus declared (not guaranteed)
- refund of your capital less payments received, on early death

The income that you receive each year is free of income tax.

Get an attractive return on your life annuity, free of personal income tax on it.