Hans99
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Tax treatment of Indian PPF(Public Provident Fund) maturity amount
Hello, I have received a lump sum amount on maturity of my PPF account in India. PPF accounts are a fixed interest saving instrument guaranteed by the govt of India for a min term of 15 years. This is not an employer/govt contributed account but all the contributions are paid in my the account holder. The maturity proceeds are tax exempt in India. I haven't paid into this account since 2007. I closed this account in Jan 24 and received the final maturity amount. I want to understand clearly, 1) Is this taxable in the UK? 2) how should this be declared in the self assessment? under which section thanks