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tax position on selling an endowment policy

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julesb108 | 14:44 Sat 30th Sep 2006 | Business & Finance
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do I have to pay tax when I sell an endowment policy that was linked to my mortgage
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Avatar Image Ethel
In most circumstances, no.
16:35 Sat 30th Sep 2006
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As Ethel says, if this was a regular endowment policy that you took out yourself, and have held for 10 years or more it will almost certainly be exempt from tax. It may also be exempt in other circumstances, your best bet is to check with the company that the policy is with to find out if it is a qualifying policy.
16:37 Sat 30th Sep 2006

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