Exemption Annuity is exempted if it under para 36: Sums received by way of annuities granted under annuity contracts issued by Malaysian life insurers. Annuity from life insurer Any income of a life insurer or takaful operator from an investment made out of a life fund or family fund in respect of a deferred annuity will be exempted.
Wednesday, 22 March 2017
Annuities
Annuity is a sum of money payable on a regular basis either in perpetuity for life or a fixed term under a contract, will or settlement.
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