Akaay72

Thank you HMRC Admin 25 for your response. Am I correct in thinking - as the gain was made on November 30th. 2023 - that we would register and complete SA in the new tax year after 6/4/24 - completing the online forms once we have the details of our earnings and other savings interest for the last tax year?

My wife and I having fully surrendered an onshore investment bond have been sent a Chargeable Event Certificate dated 30/11/2023. We are both of pensionable age. I know HMRC must be informed of this gain and as it exceeds the £10000 threshold we each should register for self assessment to do this. Despite ‘searching’ online and on this forum we remain ‘at a loss’ as to precisely what to do - especially in regard to timescale.

My wife and I have encashed an onshore investment bond and have been sent a CGC dated 30/11/2023. We are both of pensionable age. I know we must inform HMRC of this gain and as it exceeds the £10000 threshold we each should register for self assessment to do this. Despite ‘searching’ we remain ‘at a loss’ as to precisely what to do - regarding timescale. What I’d like to know is when should we do this and what might any relevant deadline be?