UK Tax

UK tax questions? Ask a UK tax advisor for answers ASAP

Connect one-on-one with {0} who will answer your question

Related UK Tax Questions
I'm trying to understand if a "Qualifying Policy" can become
I'm trying to understand if a "Qualifying Policy" can become a "Non Qualifying Policy". In 1996 we had a 10 Year Savings Plan (Non Qualifying) (premium of £50 per month) at the outset but it had a "Mo… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I am just completing my 2016/17 tax return as I am self
Hi I am just completing my 2016/17 tax return as I am self employed. During the 16/17 tax year I received a joint endowment payout with my partner of approx £42000. As far as I know the policy was qua… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Sam , our endowment policy was taken out in 1990 therefore
Hi Sam , our endowment policy was taken out in 1990 therefore it has just matured. As it is no longer tied in to our mortgage it was been sent directly to our bank account can you tell me if we need t… read more
taxadvisor.uk
taxadvisor.uk
Accountant and Tax Practitioner
Chartered Certified Accountant - FCCA
2,176 satisfied customers
Dear XXXXX I am preparing a tax return for a client who has
Dear XXXXX I am preparing a tax return for a client who has received £15113 as a surrender on an endowment insurance policy. Does this have to entered on his tax return? Thank you Steve… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
Hi Sam, I had an 25 year endowment policy which matured in
Hi Sam, I had an 25 year endowment policy which matured in Apr 2012. The policy has been confirmed as qualifying having run for 25 years with regular monthly payments. I am confident there is no charg… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
I am retired, on a good pension that makes me a higher tax
I am retired, on a good pension that makes me a higher tax payer. I have two with profit endowment insurance policies with mature in the next month. They have both been running since 1977 with monthly… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Re: Mortgage Endowment Policy (MEP) I have just had a 25
Re: Mortgage Endowment Policy (MEP) I have just had a 25 year MEP mature with a payout of £25k. The terms of the policy were monthly payments of £37.00 for 25 years. The Assurance Company have told me… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi, in the tax year 2011-12 i cashed in an Endowment Policy
Hi, in the tax year 2011-12 i cashed in an Endowment Policy (I surrendered it back to the Life Insurer) and i also redeemed a pension plan with my bank. As a result i received two lump sums. Are they … read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Can we get tax relief and at what percentage rate on a 25-yr
Can we get tax relief and at what percentage rate on a 25-yr with profits endowment policy, taken in Dec 1985 which was on £80,000, expired in Dec 2011 and we were paid only £47,500? The montly premiu… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
I have recently had 2 policies mature - Allied Dunbar (later
I have recently had 2 policies mature - Allied Dunbar (later Zurich) Adaptable Endowment Plan taken out 1/8/97 - Equity and Law, Low Cost Homebuyers Plan taken out 22/8/86. Am I likely to have a incom… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hello! Having reached the age of 60, an insurance policy described
Hello! Having reached the age of 60, an insurance policy described as 'a whole life plan with a limited payment period' was fully paid up and I asked for payment, receiving £22112.92 in August 2010. T… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Hi, I acted quickly and converted part of my interest only
Hi, I acted quickly and converted part of my interest only mortgage into capital and interest a decade ago. I am now considering surrendering my Phoenix Ltd. low cost with profits endowment policy. It… read more
CCTax
CCTax
Bachelor's Degree
324 satisfied customers
24 years ago I started a with profits endowment policy as security
24 years ago I started a with profits endowment policy as security for an interest-only mortgage. I have subsequently paid off my mortgage in full, but I kept the endowment premiums going and the poli… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
My wife and are returning to live in the UK after 15 years
My wife and are returning to live in the UK after 15 years in Cyprus I have sold most of my investments and transferred the proceeds to my UK bank in order to fund the purchase of a house. However I s… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
As advised before, I have a qualifying Endowment Policy (25
As advised before, I have a qualifying Endowment Policy (25 years fully paid with one company) that paid out last Thursday £8,000 short of the life insured value. An adviser at 'Just answer' has confi… read more
Julie Kingham
Julie Kingham
Director
Chartered Tax Adviser
733 satisfied customers
I left my husband oct 2007 left him with house and business
I left my husband oct 2007 left him with house and business (turns out i wasn't partner in business after all anywa) he sold our house for £207,000 and paid off most of his debts. however He gave me £… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
If I close an endowment policy before it is due to mature will
If I close an endowment policy before it is due to mature will i have to pay any tax on it?… read more
Sam
Sam
Accountant
Higher Officer HMRC
6,734 satisfied customers
I took out a bond - Norwich Union Portfolio in 2002 put in
I took out a bond - Norwich Union Portfolio in 2002 put in £10000, I took out £ 2000 in 2007 and have just cashed in the bond receiving £10888.91. Do I have to declare this to the tax people. I am a p… read more
Tony Tax
Tony Tax
Tax Consultant
High School or GED
16,712 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Sam

Sam

Accountant

6,734 satisfied customers

26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax

bigduckontax

bigduckontax

Accountant

1,369 satisfied customers

FCCA FCMA CGMA ACIS

TEAP007

TEAP007

Tax Preparer

759 satisfied customers

Fully Trained Inspector of Taxes / District Inspector/ Team Leader/ Offshore Consultant/ 41 years

Andrew Baker(baktax)

Andrew Baker(baktax)

Personal Tax Adviser

756 satisfied customers

35+ years experience in income tax, CGT, non-residence

berduchwal

berduchwal

Accountant

669 satisfied customers

Qualified accountant and bookkeeper running my own practice since 2008.

Clare

Clare

Solicitor

149 satisfied customers

25 years exeperience as a high street solcitor

Mrs-Tax

Mrs-Tax

Tax Adviser

59 satisfied customers

Law Degree, 19 years in UK Tax.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x