Foreign income

My foreign insurance policy is not yet ended and I have not withdrawn any money from the policy. So how should I answer the question of Foreign Income 12 -listed on the Foreign income page: any other overseas income and gain including gains on foreign life insurance policies,. life annuities and capital redemption policies.

Hi Malise Pang,
Tax in the UK is calculated on your world-wide income on the 'arising basis'.
This basically meant that something is taxable in the tax year in which is arises.
You would only show the overseas income and gains in a tax return, in the tax year, when the policy matures or is redeemed.
Further guidance can be found here:
Gains on foreign life insurance policies (Self Assessment helpsheet HS321)
Thank you.