Are savings from UK-taxed income kept in abroad accounts taxed again?

lis1320
lis1320 Posts: 62
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Apologies if this is in the wrong forum. Hoping someone can help me with a query for my parents.

My parents have been paying money monthly into life insurance accounts with UNIQA abroad. They work and pay taxes in the UK but had a plan to retire in Poland, where they are originally from. They paid about £100 each monthly, with the rules along the lines of this (though I cannot remember exactly):
- they cannot withdraw the money at all for 5 years
- if they withdraw between 5-10 years they get their money back
- if they wait 10+ years they can get their money back plus potential extra from that money being invested 

They have now decided to stay in the UK and will be closing their accounts with UNIQA after 9 years. They will both be receiving about £10k from this, and have not made any money. It is simply their own savings now coming back into their own accounts. They paid income tax on their earnings originally and just transferred £100 each to UNIQA monthly. 

Is this something HMRC needs to be made aware of and is there any tax they need to pay on this?
I would appreciate any help. Thank you

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