Tax Planning
The latest news and developments that advisors need to create meaningful tax planning strategies for clients.
8 annuity tax facts you need to know
By Tax Facts OnlineThis concise primer is your cheat sheet for every client question during tax season.
March 09, 2013
Tax FAQ: When annuity values are paid in installments, how are dividends taxed?Dividends are taxed differently depending on whether they are taken before or after the annuity start date.
March 09, 2013
Tax FAQ: Are dividends payable on an annuity contract taxable?Taxation of dividends under an annuity contract depends on when the contract was purchased.
March 09, 2013
Tax FAQ: What if my client takes a partial lump sum withdrawal?The tax ramifications vary depending on the annuitant's circumstances.
March 09, 2013
Tax FAQ: How are annuity payments taxed?The basic rule for taxing annuity payments is designed to return the purchasers investment in equal tax-free amounts over the payment period, and to tax the balance of each payment as earnings.
March 09, 2013
Tax FAQ: What if my client takes a partial lump sum withdrawal?The tax ramifications vary depending on the annuitant's circumstances.
March 09, 2013
Tax FAQ: If an annuitant dies before the annuity matures, is the amount payable taxed?The short answer: Yes.
March 09, 2013
Tax FAQ: How are annuity payments taxed?The basic rule for taxing annuity payments is designed to return the purchasers investment in equal tax-free amounts over the payment period, and to tax the balance of each payment as earnings.