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Income tax on With Profits Bond

parcival Posts: 949 Forumite

13 May 2011 at 3:20PM in Savings & investments

Have just encashed a poorly performing With Profits Bond.

I understand that the small gain that I have made over the past 9 years is treated as basic rate tax paid. I am a non tax payer and still have some of my personal allowance left unused.

Am I able to reclaim the tax that has already been paid on the bond up to my personal tax allowance (the documentation implies no but if there is a way around it..........)

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Income tax on With Profits Bond

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