Annuities: Triflex Annuity
Annuities
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An annuity is a financial product that allows you to pay premiums and then receive regular or lump sum payments in the future, upon maturity of the plan or at retirement. A registered annuity means that the plan is approved by The Board of Inland Revenue. Contributions to this type of annuity are exempt from income tax up to specific maximum amounts per year.