An annuity1 may be: (1) a charge on the capital of property; or (2) a continuing charge on income either unlimited or for the annuitant's life or other duration of the annuity; or (3) a charge on the income only of the year in respect of which it is payable2.
The annuitant's rights in respect of arrears usually depend on the nature of the charge. The question whether an annuitant is entitled to have arrears satisfied out of capital or future income is always one of
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and millions of others like it, sign-in to LexisLibrary or register for a free trial.
EXISTING USER? SIGN IN
TAKE A FREE TRIAL
0330 161 1234