An annuity payment typically provides a smaller total value than a lump sum, because of the time value of money and any taxes that may be withheld. The size of the taxable amount depends on local laws and the way in which the winnings are invested. While people of all ages and ...
In most countries, winners can choose to receive their winnings in either an annuity payment or a one-time cash sum. An annuity payment typically provides a smaller total value than a lump sum, because of the time value of money and any taxes that may be withheld. The size of the taxabl...