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Posted Thu, 02 May 2024 17:14:11 GMT by Wilmslow
Gather there is standard income tax liability due against a chargeable event gain but just trying to establish if national insurance contribution will also be deducted??
Posted Fri, 10 May 2024 11:33:23 GMT by HMRC Admin 32 Response
Hi,

No. National insurance is not part of Chargeable event gains. Only income tax may be chargeable.

Thank you.

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