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Tax

This query is : Resolved 

12 June 2013 What is deferred annuity?

12 June 2013 Annuity payments may not immediately start.
If you want to receive payments, say, after 10 years- then it is a case of deferred annuity. The payments are deferred for a period of 10 years.
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Annuity means regular periodical payments.
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12 June 2013 ok, thank you sir


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