You can choose how and when your annuity will be paid. It can be set up to pay on a monthly, quarterly or annual basis. In addition to these options, you can opt to have the payments made in advance or in arrears.;
The annuity will be credited directly to your bank, building society or Girobank account. Income tax is deducted from your annuity in the same way that it is deducted from your pay under the PAYE system.