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Pearl endowment maturity

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  • Newly_retired
    Newly_retired Posts: 3,183 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I really appreciate the time and trouble you take on this site to inform us all. Am very ignorant about the tax situation on repayment of an endowment, so any information gratefully received.
  • dunstonh
    dunstonh Posts: 119,633 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    The endowment maturity has no further liability for tax. interest added is paid net. non taxpayers can claim it back. Higher rate have to pay a bit more. Its just like when you get your tax certificate from your bank on your savings account and it tells you the amount of interest, tax paid and net amount. If you dont get one from Pearl, they havent added any interest.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Newly_retired
    Newly_retired Posts: 3,183 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    All money received from Pearl plus interest. Phew!
  • dunstonh
    dunstonh Posts: 119,633 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Finally. At least Pearl are closed for new business so no-one else will be using them again apart from legacy business
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
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