Surrendering an income protection insurance policy

I surrendered an income protection insurance policy from Hong Kong in June 2022. The policy started in 1998, but I moved to the UK in 2021. There were no bonuses or interest on this policy, and I incurred a partial loss on all premium payments. The cash value I received was about GBP6,630, which is less than the total premium paid. I deposited this amount in the Bank of Hong Kong. 1) Do I need to report the loss from this insurance policy? If so, how should I report it? 2) Do I need to declare the cash value deposited into the bank of Hong Kong from surrendering the insurance policy? If yes, how should I report it?

Hi Har 21,
Please refer to guidance atGains on foreign life insurance policies (Self Assessment helpsheet HS321).
Thank you.

Thanks for your reply for question 1. By the way, would you please let me know the reply of question 2?

Hi Har21,
The link provided should answer both questions.
Thank you.