ABSTRACT
Hancock annuity Annuity taken out by a company to provide an income for an employee during his or her retirement. The capital used by the company in this way is deductible as an allowance against corporation tax.
Hancock annuity Annuity taken out by a company to provide an income for an employee during his or her retirement. The capital used by the company in this way is deductible as an allowance against corporation tax.