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HMRC internal manual

Insurance Policyholder Taxation Manual

Exceptions: certain life annuities

Annuities specified in ITTOIA05/S718 are not within the chargeable event regime. The main cases are annuities purchased

  • to fulfil the terms of a will or settlement
  • to recognise a person’s service in an office or employment
  • to satisfy the terms of a superannuation scheme or employer’s pension scheme
  • to satisfy the terms of a personal pension scheme or retirement annuity contract or by contributions to a retirement annuity trust scheme.


Further reference and feedback IPTM1013