Which banks accept annunities as income?

[GoAnna!]

A posting of Rixter's prompted this question.

Do all banks accept annunities as income? Does the annunity need to be of a certain duration to be accepted? Ie 10 years? 5 years? In their servicability calculations do they assume PAYG tax is payable on the annunity?

Thanks!

 

[Rolf Latham]

Hiya

In general, yes

And generally > 5 years is best

Properly structured thoguh there are less costly ways to achieve similar things

ta
rolf

 

[D.T.]

Properly structured thoguh there are less costly ways to achieve similar things

In this line are you referring to lo-docs or something else?