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Enter details of the provider on the provider record:
Annuity Life company and Policy - this information is not used on the tax return and is for information purposes only.
Date purchased - this may be left blank.
Joint Income - click here for more information.
Enter details of income received on the income record:
Gross income - enter details of the gross income received. do not enter any tax exempt amounts.
Tax deducted at source - IRIS will calculate this automatically at a rate of 20% of the gross, this figure can be overridden.
Date payment received - this may be left blank, if completed ensure the date falls within the current tax year.
Do not enter details of income from annuities where tax has been deducted at the basic rate of tax. This will be where the annuity was purchased as a pension. In these cases the information should be entered under Other pensions to appear in boxes 10 and 11 on TR3.
