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

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.