Investment Bond Chargeable Event - Deceased persons tax return

Hello. I am completing a tax return for my late mother. I am her representative and have been send a paper tax return for 2022-23. I need to report an Investment Bond Chargeable Event. I assume the details go on form SA101 Additional Information. I am unsure where to enter there figures from the certificate. The Chargeable Event Certificate has figures against these labels: "Amount of current Gain" (entire on the additional information page of your tax return in 'Amount of gains') "Number of years for top-slicing relief" (also enter this on tax return in 'Number of years') "Amount treated as paid" (this is the last figure for the tax return in 'Tax treated as paid') But I cannot locate boxes on SA101 that matches the instructions on where to enter the figures. The type of chargeable event = Death Claim Is any tax treated as paid? = Yes Grateful for help on the boxes to enter the figures. The "Current Gain" plus my mother's pension income for the tax year added together exceed Basic Rate income tax for the tax year 2022-23 - I assume top-slicing relief comes into play, the bond was held for 24 years.

Hi,

Where tax is treated as paid on the gain, please enter the gain in the section " Gains from life insurance policies, capital redemption policies and life annuity contracts" in box 4 of page Ai1 on SA101 and the number of years the policy was held in box 5. The Self Assessment will calculate the top slicing relief for you. You can see information here: 

Additional information (2023)

Thank you.

"The self assessment will calculate the top slicing relief for you." Is this correct? I was told on the telephone that I would have to do these calculations myself, or pay an accountant. He said it was called "Self" assessment for a reason.

Some clarification would be appreciated. Thank you

Hi ,
 

The system will do it for you once you enter the amount and number of years .

 
Thank you .

 

Hello again, Will the system calculate the top slicing relief due on a form that has been returned by post. Thank you

Hi ,
 

Yes as we still need to process it. We may have to do a manual caluclation in cases where there are numerous events or the amount results in your income exceeding £100k solely due to the event  . Thank you .