Second-hand annuity market needs 'strong controls and close policing'

The second-hand annuity market, one of the potentially unintended consequences of pensions freedom, is being considered for launch in 2017. We have previously discussed the possible pitfalls facing both the buyers and sellers and will now look at the tax implications as well as the actual value of this market. Investors in this embryonic market will, of course, be very keen to have a full understanding of the tax treatment of the income from their asset. Read part I of the series: Are second-hand annuities a disaster waiting to happen? The capital payment will be taxed in the han...