Trust return - how to do so

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 MB74 Breen,
Please refer to:
Trusts and taxes
Or contact the helpline here:
Inheritance Tax: general enquiries