Study on Individual annuities taxation as business entities

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Business entities means various legal devices for (collective) investment or business. The aim of this study is, with business entity (including investment trusts) taxation approach and studies on life insurance taxation, to examine and propose new taxation model on individual annuities or pension plan. One of the characteristics of individual annuities or pension plan is the periodic and continuous cash payments, which is useful for covering recipients' (sometimes minimum) living expenses. Also, life insurance, various saving accounts, mutual funds (investment trust) and so on have this characteristic of securing standard of living. This study reaches on the conclusion that integrated saving accounts should be adopted.