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Tax relief on term assurance premiums

I have held a personal pension term assurance policy with LLoyds since 2000 that pays out £150k if I die or get critically ill before 2055. The premium is £20 per month of which I pay £16 a month because they claim the rest as tax. I have been a higher rate taxpayer for the last 11 years. Can I claim the small extra £48 of tax relief in my 2018-19 tax return on this sort of policy premium? If so, how do I claim any prior years and how far back can I go? Is it up the last three years' worth?

Comments

  • SonOf
    SonOf Posts: 2,631 Forumite
    1,000 Posts Fourth Anniversary
    Can I claim the small extra £48 of tax relief in my 2018-19 tax return on this sort of policy premium?

    yes. Pension term assurance comes under pension rules. So, same tax relief is available.
    If so, how do I claim any prior years and how far back can I go?

    HMRC normally go 6 years providing evidence is available
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