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  • RE: Surrender of Investment Plan

    Thank you for your reply. However I now have another question. On my chargeable event certificate, I have two figures. One is the amount of gain rounded down and the other is the amount of tax (treated as paid) rounded up. For the purpose of the tax return does this mean my net interest is the first figure minus the second figure or has the tax already been deducted from the first figure? Also how do I know what my untaxed UK interest is? Thank you in advance.
  • Surrender of Investment Plan

    This is the first time I have submitted a self assessment form and I am really confused. I recently surrendered a UK personal investment plan. The interest made means I need to pay tax and I have been sent a Chargeable Event Certificate. I have registered with HMRC and need to submit a self assessment form. My query is this - does the tax I need to pay come under Capital Gains Tax , if so what is the Asset Type and do I need to submit a worksheet?