What's the difference between annuity and duty?

Annuity


Definition:

  • (n.) A sum of money, payable yearly, to continue for a given number of years, for life, or forever; an annual allowance.

Example Sentences:

  • (1) The ABI figures revealed that the best annuity for someone who is a heavy smoker and has severely impaired health was at Prudential, which paid out 46% more than the worst, from Friends Life.
  • (2) Annuities have suffered their worst year on record, with payouts to newly retiring pensioners falling by 15% so far during 2016, according to data provider Moneyfacts.
  • (3) Only last month the Financial Conduct Authority issued a report in which it said millions of older people were getting a poor deal from Britain's multibillion-pound annuity market, with the biggest losers those with the least money put aside for their retirement.
  • (4) However, to buy an annual pension income of £1,300 via a traditional annuity that also provided an income for your spouse after you die, you would need a pension pot of roughly £25,000.
  • (5) Annuity rates so low that a pension pot running into the seven figures is required to deliver any kind of decent pension.
  • (6) People who prefer to buy an annuity could opt for a "value protected annuity": in return for an extra cost, typically 5% of the income, the policyholder can arrange for any residual money left over when they die to be paid to their beneficiaries.
  • (7) He adds: "The problem with the chancellor's decision is very simple: all the evidence indicates very few people will opt to buy an annuity under the new rules – and the assumption of 30% taking this route deployed by the Treasury in its costings appears highly optimistic.
  • (8) The insurers pay an annuity (a guaranteed annual income in retirement) of £839 a year on a savings pot of £18,000, compared to £1,099 at the best payer, Reliance Mutual.
  • (9) On average, women take out annuities at the age of 59, marginally earlier than men at 62, but both do so significantly sooner than they have to by law.
  • (10) If the recession results in interest rates remaining low for years, as many in the City are now predicting, then annuity rates will also remain at paltry levels.
  • (11) Figures from pensions provider Hargreaves Lansdown show annuity rates have plummeted since July 2008.
  • (12) Table Photograph: asdf In recent years annuity providers have begun offering better payouts to those people they think will die relatively early.
  • (13) The group sold its US life and annuity business last year for £1.7bn , as well as many other smaller overseas operations, to strengthen its balance sheet.
  • (14) The Association of British Insurers is believed to be on the verge of approving a new mandatory code of conduct for pension companies that sell pension income – also known as annuities – ensuring people will get the highest possible income in return for their pension pot.
  • (15) "Annuities may well be broken, but the answer is not to end responsible collective risk-sharing.
  • (16) By forcing long-term interest rates down and inflation up, QE1 has already increased pension fund liabilities by an estimated £74bn , while driving annuity costs to record levels.
  • (17) The chancellor said: “For many an annuity is the right product, but for some it makes sense to access their annuity now.
  • (18) Do not simply accept the annuity offered by your pension provider – shop around for the highest rate possible.
  • (19) The thinktank also suggests removing the option of taking out 25% of your pension fund as a tax free lump; instead investors would get a 5% top up to their pension pot just before they use the money to buy an annuity.
  • (20) It will also end the rules requiring compulsory annuitisation (having to buy an annuity with your pension) at 75.

Duty


Definition:

  • (n.) That which is due; payment.
  • (n.) That which a person is bound by moral obligation to do, or refrain from doing; that which one ought to do; service morally obligatory.
  • (n.) Hence, any assigned service or business; as, the duties of a policeman, or a soldier; to be on duty.
  • (n.) Specifically, obedience or submission due to parents and superiors.
  • (n.) Respect; reverence; regard; act of respect; homage.
  • (n.) The efficiency of an engine, especially a steam pumping engine, as measured by work done by a certain quantity of fuel; usually, the number of pounds of water lifted one foot by one bushel of coal (94 lbs. old standard), or by 1 cwt. (112 lbs., England, or 100 lbs., United States).
  • (n.) Tax, toll, impost, or customs; excise; any sum of money required by government to be paid on the importation, exportation, or consumption of goods.

Example Sentences:

  • (1) City badly missed Yaya Touré, on international duty at the Africa Cup of Nations, and have not won a league match since last April when he has been missing.
  • (2) Uninfected people's general rights to protection are considered, and health professionals' and authorities' rights and duties are given more detailed attention.
  • (3) He was often detained and occasionally beaten when he returned to Minsk for demonstrations, but “if he thought it was professional duty to uncover something, he did that no matter what threats were made,” Kalinkina said.
  • (4) With SH, blood flow at low and moderate Pdi was limited at duty cycles greater than 0.3 and 0.1, respectively.
  • (5) So fourth, we must tackle the issue of a relatively large number of officers kept on restricted duties, on full pay.
  • (6) Only two aviators were permanently removed from flying duties due to glaucoma.
  • (7) The BBA statistics director, David Dooks, said: "It was no surprise to see the January mortgage figures falling back from December, when transactions were being pushed through to beat the end of stamp duty relief.
  • (8) The media's image of a "gamer" might still be of a man in his teens or 20s sitting in front of Call of Duty for six-hour stretches, but that stereotype is now more inaccurate than ever.
  • (9) Approximately one third of all students said that ticks had a significant or very significant impact on duty performance.
  • (10) The fact that Line of Duty is ranked among the best TV fiction for years suggests there is no crisis with the channel.
  • (11) Revenue from tobacco duty in 2011-12 was £9.55bn, up from £8.09bn in 2007-08.
  • (12) "I have a brilliant staff and we have a duty to serve our readers and will continue to do that.
  • (13) If we’ve a duty to pass folk music on, we should also bring it up to date and make it relevant to our times,” he says.
  • (14) He suggests that doctors and nurses who provide terminal care be selected for psychological suitability, be trained in communication, receive adequate ongoing support and definition of their roles, and rotate periodically to less stressful duties.
  • (15) We have a moral duty to conserve them and to educate people about their habitat, health and the threats they face."
  • (16) Consumers, dentists, dental students, dental assistants, dental hygienists, dental assistant trainees, and dental hygiene students in Massachusetts were surveyed for their attitudes toward the concept of expanded-duties auxiliaries.
  • (17) Currently, anyone buying a property for £175,000 or less avoids paying 1% stamp duty.
  • (18) In March-May 1988, we collected data on enrollment of 1,445 Army families with grade school children in the Active Duty Dependents Dental Insurance Plan at two Army posts.
  • (19) Dave Couvertier, an FBI spokesman, confirmed only that "the agent encountered the suspect while conducting official duties" and said he expected to be able to release further details of the incident later on Wednesday.
  • (20) This is not about the BBC exercising its charter duties of impartiality, as they maintain.