Ivanka

Hi, I redeemed my life insurance policy and got a lump sum of money but the sum is less than what I had contributed over the years. It means a loss. Then, do I need to report in my self-assessment return? If I need to report, how should I report that? Can I deduct the loss from my overall income? Thanks.

Hi, I found the document 'How to fill in your tax return (2022)' stated that: "Do not include any interest from Individual Savings Account". But it then has the following paragraph: 'UK interest Include in box 1 or 2 any interest from: bank and building society savings, including internet accounts' So, should I report in SA100 the interest earned from savings account and fixed term deposit account? Thanks.