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Endownment Policy Maturing

derek007

derek007 Posts: 23 Forumite

Fifth Anniversary

10 Posts

11 March 2024 at 6:27PM in Cutting tax

I earn £40k/year and have an endownment policy maturing £15k. Am I laible for tax ?

I will probably re-invest some and spend the rest. Will this reduce the potential tax bill ?

0

Comments

TadleyBaggie Posts: 6,687 Forumite

11 March 2024 at 6:30PM

No tax due on an endowment.

1

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