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Posted Sun, 23 Jul 2023 13:00:52 GMT by James Latham
We surrendered 3 Life Policies last tax year. It appears I can only enter the Gain information for one on Self Assessment. However, as all 3 policies had a duration of 13 years, I assume I can add the 3 gains together and enter the result into Self Assessment. Am I correct? Thank you
Posted Tue, 01 Aug 2023 11:54:52 GMT by HMRC Admin 19

The additional information guidance for SA101 advises, If you have gains from different, multiple policies, you must put the following information in box 19
on page TR 7 of your tax return: 
  • details of each individual policy 
  • the amount of gain for each policy 
  • the number of years you’ve held the policy 
  • the tax paid on each gain 
If your multiple policies had tax taken off, add them together and put the total amount of gain in box 4. If your multiple policies did not have tax taken off, put the total amount of gain in box 6. Do not put any figures in box 5 or box 7. You can see guidance here:

Additional information notes

Thank you.
Posted Thu, 03 Aug 2023 11:40:57 GMT by James Latham
Thank you for your reply From this, the implication is that I must fill in a paper SA100 and post it to HMRC. Do you agree? However, in the spirit of “Self Assessment” I do feel I could provide the correct detailed information on the 3 policies (all 13 years duration) as a PDF attachment in the section “Any other information (Page 2 of 2)” of Self Assessment. I’ll have a think about it and thanks again for your help
Posted Tue, 08 Aug 2023 12:58:32 GMT by HMRC Admin 17

It needs to be in paper as the online attachment would not be looked at unless your return was selected for a review .

Thank you.

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