Part 4Savings and investment income
Chapter 7Purchased life annuity payments
422Charge to tax on purchased life annuity payments
1
Income tax is charged on annuity payments made under a purchased life annuity.
2
For exemptions, see in particular—
a
section 717 (exemption for part of purchased life annuity payments),
b
section 725 (annual payments under immediate needs annuities),
c
section 731 (periodical payments of personal injury damages), and
d
section 732 (compensation awards).