With Ongoing Subscriptions, you can offer an annual subscription plan on a product.

It can be either a physical product or a digital product, it works for both.

Please note you will need to create a product first on Shopify, so you can select that product in Ongoing to turn it into a Subscription Product.

1) From Ongoing > Click Subscription Groups > Click Create Group

2) For the name, this is for internal use only

you can name it something like "My yearly subscription plan"

3) Click "Add Plan" and name it something like "Annual Subscription"

You will need to switch the interval to "year" for both delivery and billing so it says one time a year for both

4) Click "Enable Discounts" and select "set price" - enter the amount you want to charge one time a year. This will charge that price every year.

5) Click Save Plan

6) Select a product on your store that you want to offer this Annual Subscription plan on

7) Click Save Group

p.s. If you're looking to charge once a year but deliver every month, that's a different set up!

Read more about Prepaid subscriptions here with real life examples.