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Posted Wed, 28 Aug 2024 15:31:54 GMT by johnsoniom
Following surrender of my life assurance policy i received a chargeable event certificate. When i surrendered there were still funds within the policy that did not price as they were illiquid / suspended, although these were expected to price and some value would be paid out at a later date. How do i account for this on my tax return, i already have a certificate for the full surrender, but it doesn't include funds i may or may not receive.
Posted Tue, 10 Sep 2024 09:26:07 GMT by HMRC Admin 25
Hi johnsoniom,
Please refer to:
HS320 Gains on UK life insurance policies (2024)
Thank you. 
Posted Wed, 11 Sep 2024 15:12:54 GMT by johnsoniom
Hi Thanks. so what do i do if / when the insurance company sends me any additional funds. I already have a certficate showing a gain for the full surrender. Do i have to recalcuate the gain on the certficate i previosuly received? thank you
Posted Thu, 19 Sep 2024 07:00:41 GMT by HMRC Admin 20 Response
Hi,
They should send a futher certificate to confirm and you will declare both.
Thank you.

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