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Endowments Maturing
esd1664
Posts: 1 Newbie
HI
I have 3 Endowment policies that will mature next year. Our Mortgage was paid off a number of years ago so the monies due to be paid on the policies will be paid directly to me.
Does anyone know if I will have to pay income tax on the gains.
I have 3 Endowment policies that will mature next year. Our Mortgage was paid off a number of years ago so the monies due to be paid on the policies will be paid directly to me.
Does anyone know if I will have to pay income tax on the gains.
0
Comments
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Give the tax office a call ( no need to give your name ) but I think if you have held the endowment for more than 10 years then no tax to pay but please chek with them.( from the horses mouth)0
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