Annuity in arrears refers to a type of annuity payment where the payments are made at the end of each period, such as at the end of each month or year. This is in contrast to an annuity in advance, where the payments are made at the beginning of each period. Annuity in arrears is commonly used in pension payments and other types of regular income streams.
An annuity in arrears is a type of annuity payment where the payments are made at the end of a period, rather than at the beginning. This means that the first payment is not made until the end of the first period, and subsequent payments are made at the end of each subsequent period. Annuities in arrears are commonly used in retirement planning, as they allow individuals to receive regular payments after they have retired. They are also used in structured settlements and other types of financial arrangements. Annuities in arrears are subject to specific legal and tax regulations, and individuals should consult with a financial advisor or attorney before entering into any annuity agreement.
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This glossary post was last updated: 29th March 2024.
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