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Hi Thanks for your reply. Then do I still need to declare the interest or premium if I have never withdrew the money during the tax year and it has not yet matured? Thanks

Hi, I have a foreign insurance with interest and premium during the tax year. However, I have never withdrew the money during the tax year and it has not yet matured. I am NOT claiming remittance basis. In my understanding, I still need to declare it on SA106 box 43,44 & 45 and pay tax on the interest and premium for my foreign insurance during the tax year even if I have never withdrew the money during the tax year and it has not yet matured? Am I correct? Thanks for your help.

Hi, I have a foreign insurance with interest and premium during the tax year. However, I have never withdrew the money during the tax year and it has not yet matured. I am NOT claiming remittance basis. In my understanding, I still need to declare it on SA106 box 43,44 & 45 and pay tax on the interest and premium for my foreign insurance during the tax year even if I have never withdrew the money during the tax year and it has not yet matured? Am I correct? Thanks for your help.

Hi, I have a foreign insurance with interest and premium during the tax year. However, I have never withdrew the money during the tax year and it has not yet matured. I am NOT claiming remittance basis. 1. Do I need to declare and pay tax on the interest and premium for my foreign insurance during the tax year even if I have never withdrew the money during the tax year and it has not yet matured? 2. If I need to declare, it is related to income tax or capital gain tax? Would you please advise which section I have to file for my tax return? Thanks for your help.