Selling your Endowment

Milarky

If I sell my endowment is it treated as a taxable gain?

Likewise, if left to maturity would the proceeds be taxable or not?

Thanks in advance

dunstonh

If it has gone for less than 10 years (can be less under certain circumstances) then you will have a taxable event which needs to be declared on your tax return.

If you are a basic rate taxpayer and the chargeable gain doesnt take you into higher rate tax then you will have no further tax liability. If it does take you into higher rate tax or you are already a higher rate taxpayer, then you will have a tax liability.