TopTaurus

My parents have just surrendered an investment bond with Sterling after 23 years. Paperwork gives details of the date of surrender, ‘chargeable event’, the amount of the gain etc. Then it says ‘Tax treated as paid’ - does this mean that they have to pay this whole amount in tax, or pay tax on this amount, or that tax is not due. The information given by Sterling regarding this is very confusing. Will this be dealt with on their self assessment submission for 24/25 or can it be paid earlier to clear their tax obligation?