Chris, I am another expert on this site and I answered your question on 1 Jun 2015..
Although you have paid for the question, the expert would only get paid if you accept the answer.
I am repeating the answer I gave on 1 Jun 2015 and is as follows: .......
Chris, thank you for your patience.
A mortgage endowment policy is a qualifying policy and these types of policies do not normally give rise to a chargeable event gain.
No gain arises when a qualifying policy matures, pays out on death, is surrendered or sold if:
- the policy has run for at least 10 years
- there have not been any changes to it, and
- all premiums have been paid when due.
You will not need to pay any tax on this return and you don't report it on your tax return.
More information on this can be found on Pages 3,4 and 6 of helpsheet 320 here
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.