With the 2019/2020 tax year around the corner, now is an opportunity to take advantage of the available tax benefits. Here are the benefits of investing in a Retirement Annuity or Tax-Free Investment. Retirement Annuity By increasing your contributions towards retirement your taxable income is reduced. (i.e. pay less tax). Tax is payable when you retire and could be at a lower tax rate. Growth in your RA is tax-free. When you retire and convert the retirement annuity to a liv