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Whatever Happened to Hancock Annuities?

Alec Ure, Consultant, Alec Ure Associates, and Gavin Moffatt, Senior Technical Adviser, SBJ Benefit Consultants City Division, explain the potential pitfalls and benefits of setting up a Hancock Annuity post A-Day

 
Alec Ure Consultant Alec Ure Associates and Gavin Moffatt Senior Technical Adviser SBJ Benefit Consultants City Division explain the potential pitfalls and benefits of setting up a Hancock Annuity post A-Day
What were they?
 
The original tax case from which the name derived was Hancock v General Reversionary and Investment Co Ltd 7 TC 358 in 1919. That case concerned the tax relief on the cost of purchasing an annuity to replace a pension which was already being paid by the...

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