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Posted Tue, 29 Aug 2023 15:25:54 GMT by ju8689
Hi, I'm French and live in the UK. I'm resident for tax purposes here...However, I have a life insurance contract in France and was wondering whether (and if yes, how) I needed to declare anything to HMRC regarding this since I do not earn any money (yet) directly from it. Of course, the money is increasing year after year but I don't have access to it (since nobody died or I didn't withdraw any money). Many thanks for your help,
Posted Mon, 04 Sep 2023 11:38:44 GMT by HMRC Admin 32

As it is not generating any income there is nothing to declare. If and when it does.

HS321 Gains on foreign life insurance policies (2023)

Thank you.

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