tax on endowments

Danny64611

I'm want to cash in my endowment, i,ve made a small gain (under 10,000) would i be due to pay any tax

Mikeyorks

Only if there's a 'chargeable event' ..... which is unusual with endowment policies.

You need to consult on that with your policy supplier when getting a surrender figure?

Danny64611

O.k. Many thanks.

ceeforcat

And, really only then if you are a higher rate taxpayer as there is generally deemed basic rate tax attached to that chargeable event.