Foreign Bank account (italy) where a Life insurance has been paid

Hi There, I opened a foreign bank where a life insurance was paid, I was one of the beneficiaries. This bank account does not have any interest, and it does not generate any income/interest. Do I have to submit a self-assessment? Thanks, Fran

Hi Francesco Sias,
Please see Tax on foreign income:
HS321 Gains on foreign life insurance policies (2021) Updated 4 August 2023
Thank you.