Government Annuities
Legal definition for Indian law research
Definition
Government annuities. By 27 & 28 Vict c. 43, and 45 & 46 Vict. c. 51, the Government Annuities Acts, 1864 and 1882, and other 'Government Annuities Acts,' facilities are afforded for the purchase of such annuities, and for assuring payments of money on death, the latter Act allowing the purchase of an annuity of any amount not exceeding 100l. a year, the limit under the Act of 1864 having been 50l. a year. At the present time life annuities are granted from the National Debt offices without any limit on the amount, or through the Post Office or trustee savings banks up to 330l. a year.
The Government Annuities Act, 1929 (c.29), con-solidates with amendments the former Acts. See ANNUITIES.
The Government Annuities Act, 1929 (c.29), con-solidates with amendments the former Acts. See ANNUITIES.
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