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Foreign life insurance policy withdrawal 5%

Raymond Yeung
Posted Wed, 14 Aug 2024 14:55:04 GMT by Raymond Yeung
May I confirm my 2 years paid foreign life insurance policy can apply 5% rule withdrawal ? is the foreign life insurance policy only be single premium policy to apply 5% rule withdrawal?
HMRC Admin 5 Response
Posted Wed, 28 Aug 2024 11:25:44 GMT by HMRC Admin 5 Response
Hi 

Please have a look at the guidance at HS321 Gains on foreign life insurance policies (2024) for guidance on withdrawals up to 5%.

Thank you

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