St. Patrick's Day. St Patrickâs Day is a global celebration of Irish culture on or around March 17. It particularly remembers St Patrick, one of Irelandâs patron saints, who ministered Christianity in Ireland during the fifth century. St Patrickâs Day is celebrated in countries with people of Irish decent.
A difference that can be seen between pension and annuity is in the payment amount. The pension is determined by the sum that one has earned during his service and adjusted for the duration of his career. Annuity is a scheme that is determined by the amount of investment made by a person towards the scheme.
Annuity is a tax deferred plan which implies that you do not pay any tax for the tie period of annuity, and tax cut is applied when you start receiving the monthly payment. Difference between401k and Annuity. Despite being tools for future saving, there are sharp differences between annuities and 401k plans. The most glaring difference is the fact that you choose annuity as a financial product from an insurance company while 401k is a retirement plan offered by your employer.