PaulineT
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I have an aviva with profits endwment saving policy with 8 months to run until maturity.If I surrender early will it be subject to tax?
- PaulineT asked 1 year ago in Investments
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Expert Financial Adviser Answer
James Brooke
answered 1 year ago
Assuming that the policy was set up as a qualifying policy (virtually all endowments were) and has been running for more than 10 years and nothing has been done to the policy to affect its qualifying policy status, then there will be no tax to pay at all.
Qualifying policy rules are complicated but Aviva will be able to tell you if it is a qualifying policy or not.
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Qualifying policy rules are complicated but Aviva will be able to tell you if it is a qualifying policy or not.
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