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Posted Sun, 22 Oct 2023 18:57:11 GMT by K H Ng
I would like to ask about the amount of money from insurance surrender from hk before I came to Uk at the end of April in 2022, as the amount of money was transferred from the insurance company after 06/04/2022 as the insurance policy was being terminated at the end of march, should I need to declare the amount of money for self assessment as income? but I'm not sure how I can proof the amount of money had any gain or profit inside.
Posted Thu, 26 Oct 2023 09:55:22 GMT by HMRC Admin 20 Response
Hi K H Ng,

Please have a look at some guidance on helpsheet HS321 (Gains on foreign life insurance policies (Self Assessment helpsheet HS321))
for information on the taxation of foreign lige insurance policies.  

Thank you.
 

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