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Insurance Policy (losses)

Answer
Kathy Dawn
Posted Wed, 13 Nov 2024 00:00:18 GMT by Kathy Dawn
I have an insurance policy which invested for 15years and matured in 2023. The encashment value is smaller than the total premiums invested, do I need to report it to HMRC? If so, which part of the form such I fill in?
Answer
HMRC Admin 20 Response
Posted Fri, 15 Nov 2024 09:35:12 GMT by HMRC Admin 20 Response
Hi,
Please refer to guidance at HS320 Gains on UK life insurance policies (2024)
Thank you.

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