This is because the 10-year period-certain SPIA is not payable over the lifetime or life expectancy of the SPIA owner according to one of the permitted SEPP life expectancy calculation methods of IRS Notice 2004-15 for non-qualified annuities.
What does N/P stand for?
N/P stands for Not Payable
This definition appears frequently and is found in the following Acronym Finder categories:
- Military and Government
- Business, finance, etc.
See other definitions of N/P
We have 60 other meanings of N/P in our Acronym Attic
- Normal Fat/No Fiber (diet)
- Not Necessary
- Normalized/National Institutes of Health
- Normally Open Contact
- new password
- New Patient (hospitals)
- No Partying (rentals)
- No Password
- No Pets
- No Problem
Samples in periodicals archive:
in the hope that I live another seven years and so inheritance tax is not payable on its value.
ASTAMP Duty is not payable on a purchase price of PS125,000, however, if you were paying PS125,100.
The annual leave loading is not payable when an employee is paid the monetary value of annual leave to the employee's credit on resignation.
66 gas claim; * Conservative Montgomeryshire MP Glyn Davies was not paid pounds 4 of two claims totalling pounds 20 for road charges because it was not payable under the scheme, and, * Tory Vale of Glamorgan MP Alun Cairns was denied pounds 2 of a pounds 10 congestion charge claim for the same reason.
Like wise KESC has the outstanding amount of Rs 2000 million but the same was not payable yet.
This additional amount is not payable in the event that the Essar group decides to sell its 33% shareholding in Vodafone Essar Limited at the underwritten value of US$5 billion," it said.
When he sold the flat in 2007, he said he "was advised that CGT was not payable because of the operation of final period relief, which exempts homes from CGT for 36 months after they stop being a main home".