This section is for gains from life insurance policies, life annuities and capital redemption policies taken out with a UK life insurance company, the UK branch of an overseas insurer or a UK friendly society. All of the required entries should be available on the certificate from the insurer.
Refer to the HMRC Trust and Estate Tax Return Guide if needed (opens in a new tab).
- Open the required tax return, then select the Data input tab.
- If the required section is listed, select it and skip the next step. If not, select Add a new section.
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On Choose a section to add, under Gains, select Gains on UK life insurance policies tab.
If the section is crossed through, it has already been added to the tax return. To adjust it the existing values, close the window and select the section on the Data Input tab.
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Complete the following sections, then select Save changes.
Policy and event details
Enter a brief description of the event giving rise to the gain. This is for memo purposes only and doesn't appear on the tax return.
Date of chargeable event
Enter the date of the chargeable event giving rise to the gain. Only gains falling in the current tax year should be included.
Amount of gain
Enter the amount of the gain, as given on the event certificate. This relates to a chargeable gain which is taxable as income, this is not a capital gain. UK insurers must by law issue a certificate if a chargeable gain has been made.
Tax treated as paid
If tax has been treated as paid on the gain - enter the amount. If no tax has been treated as paid, leave this column empty.