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Post Info TOPIC: Is a matured mortgage endowment payout taxable?
blueeyes


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Is a matured mortgage endowment payout taxable?
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Hi,

Is a matured mortgage endowment payout taxable please? The amount was for £2.5k.

Thanks in advance



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Shamus


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so long as its a normal qualifying policy that went to maturity (or at least two thirds of the way there) and was purchased using taxed income then the proceeds will be non taxable income regardless as to whether its still tied to a mortgage.

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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
blueeyes


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Great, thanks. It went the full 25 years. Will it need to be shown on the tax return at all?


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