Selling Endowment Policy?

CHIHUAHUA

Thanks everyone for your advice :beer:

221b

The companies like apmm.org only accept 'with-profits' policies.

Has anyone ever in succesfully 'sold on' a unit-linked one?

Also mine is 'paid up' - a bizarre term I think, as it means that I have in fact not paid into it for the past two years!

Winterthur have offered me £4,129.52 as a surrender value, but have also agreed that it was a mis-sold endowment so I should be getting a few pence that way too, hopefully...

All tips gratefully received.

221b

witchypoo

I'm no expert but remind her that she will want the life cover from somewhere as well. I'm watching this thread with interest, it's persuading me to keep our endowment and change the mortgage/remortgage which I will look into once I know whether I will get anything for missold endowment.

motch

I have an endowment with the Cooperative which i'm thinking of cashing in / selling on (cash in worth approx £3,500)

Would i have to pay Tax on this amount