Chargeable events certificate - what to do

Hi, I recently received a chargeable events certificate after cashing in an insurance policy for my children. I was joint trustee and gain was £7,130 with £1,427 in tax treated as paid. I assume that means chargeable gain is then £5,703. As this falls below £10,000 and I am only one of two trustees how should I declare this, I am not sure if need to do a Trust and Estate Tax Return, add to my self assessment form later in year or just send HMRC the certificate and national insurance numbers or do nothing due to low amount? Any guidance most appreciated

Hi, anyone able to help me with this issue? Many thanks

Hi MB74 Breen,
Please refer to guidance at: HS320 Gains on UK life insurance policies (2024).
Thank you.