»Ê¹ÚÌåÓýapp

»Ê¹ÚÌåÓýapp following categories of purchased life annuity attract special treatment.

Stock exchange benevolent fund ‘annuities�

»Ê¹ÚÌåÓýapp term ‘annuityâ€� when used to describe payments out of the London Stock Exchange benevolent fund refers to what is in fact a gift that should not be regarded as income in the hands of the recipient

Annuities paid under a personal injury damages settlement

In certain circumstances, periodical payments for personal injury damages paid by way of an annuity are exempt from tax - see IPTM5000 onwards for more details.

Payments by the German Government to victims of Nazi persecution

»Ê¹ÚÌåÓýappse annuities are not regarded as income for any income tax purposes.

Annuities and additional pensions paid to holders of certain awards

»Ê¹ÚÌåÓýapp following are not treated as income for any income tax purposes

• annuities and additional pensions paid to holders of the Victoria Cross
• annuities and additional pensions paid to holders of the George Cross
• annuities paid to holders of the Albert medal or Edward medal
• additional pensions paid to holders of the following awards

• Military Cross
• Distinguished Flying Cross
• Distinguished Conduct Medal
• Conspicuous Gallantry Medal
• Distinguished Service Medal
• Military Medal
• Distinguished Flying Medal.