Onshore Investment Bond Gain - Self Assessment Query

Hi, I am fully surrendering an onshore investment bond. Once I've added the chargeable gain to my other incomes, total income still falls within the Basic Rate tax band. As I understand it, the 20% tax credit covers any liability, however, will I still need to report the chargeable gain to HMRC via Self Assessment? Many thanks, AF

Hi Adrian F.
Yes, you still need to declare this on your tax return.
Thank you.