Endowment cash-in. Where can I find info?

docrow

I Have 4 endowments in various stages. All are in the last 5-10 yrs of term. All are under performing. I don't need them for mortgage or life insurance any-more.

Is there a web site that will let me calculate an estimated cash-in v's keeping them value?

I bought them for mortgages in the early 90's but converted to a repayment offset mortgage currently at 2.5% around 5yrs ago when they looked like failing to cover the planned amount.

Thanks for your advice.

Doc

wymondham

You'll need to get in contact with the provider of these I would imagine, to give you a surrender value?

dunstonh

Is there a web site that will let me calculate an estimated cash-in v's keeping them value?

No.

You need to ask the provider for details.

doccrow

I have had an offer for one of the policies approx £10,000.

I am a higher rate tax payer, If I keep the endowment until maturity I understand I will pay no tax on the payout.
If I accept their offer am I liable for tax at 40% on the £10,000?
I estimate I've paid in just less than £9200 over the 17 yrs so far

Doc

McKneff

Dont forget you also have life insurance cover with these policies.

doccrow

I know, our circumstances have changed to life assurance isn't so important now.

Doc