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Is the death benefit of Life Insurance Taxable?

Posted Tue, 22 Aug 2023 08:24:13 GMT by
Hi, I would like to confirm if my daughter who is over 18 may receive the death benefits of my life insurance policy, dose she have to pay tax for my death benefits?
HMRC Admin 25
Posted Fri, 25 Aug 2023 14:34:18 GMT by HMRC Admin 25
Hi candicec1114,
There are other factors to take into account.
Please refer to:
PTM073000 - Death benefits: lump sums: contents
Thank you. 
 

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