As long as you've had them more than 10 years ?

any expert opinion welcome

On Thu, 14 Aug 2008 17:43:37 +0100, june wrote:

> As long as you've had them more than 10 years ?
> 
> any expert opinion welcome

The crucial term is 'qualifying'. If they are "qualifying policies" 
according to HMRC, then there is no tax liability attached.

The endowment company are best placed to tell you whether they are 
qualifying or not. IME almost all of them are.

<http://www.hmrc.gov.uk/manuals/iptm/IPTM2020.htm>

PCPaul wrote:
> On Thu, 14 Aug 2008 17:43:37 +0100, june wrote:
> 
>> As long as you've had them more than 10 years ?
>>
>> any expert opinion welcome
> 
> The crucial term is 'qualifying'. If they are "qualifying policies" 
> according to HMRC, then there is no tax liability attached.
> 
> The endowment company are best placed to tell you whether they are 
> qualifying or not. IME almost all of them are.
> 
> <http://www.hmrc.gov.uk/manuals/iptm/IPTM2020.htm>

thanks

when i get thru the 5 million questions from the call centre and
then get sent back to the UK as its a specialist area , i'll ask them

thats meant at them not you - good you pointed that out

On Fri, 15 Aug 2008 21:30:13 +0100, june wrote:

> PCPaul wrote:
>> On Thu, 14 Aug 2008 17:43:37 +0100, june wrote:
>> 
>>> As long as you've had them more than 10 years ?
>>>
>>> any expert opinion welcome
>> 
>> The crucial term is 'qualifying'. If they are "qualifying policies"
>> according to HMRC, then there is no tax liability attached.
>> 
>> The endowment company are best placed to tell you whether they are
>> qualifying or not. IME almost all of them are.
>> 
>> <http://www.hmrc.gov.uk/manuals/iptm/IPTM2020.htm>
> 
> thanks
> 
> when i get thru the 5 million questions from the call centre and then
> get sent back to the UK as its a specialist area , i'll ask them
> 
> thats meant at them not you - good you pointed that out

I only know because I've been going through the same pain recently...

I've also been to the HMRC 'Helpline' quite afew times. I've yet to find 
a question the first-line staff can answer - it *always* needs to be 
referred to a 'technical adviser' - and one is never available until I 
phone back a few times...