How is payment from this policy taxed?

Published 18/03/2016 11.57 AM   |    Updated 07/06/2017 09.09 AM

Income Tax and Capital Gains Tax – Claims paid from this policy will not be subject to Income Tax or Capital Gains Tax.

Inheritance Tax – This depends on how you’ve set up your policy. Inheritance Tax only applies if we have paid a claim because you have died.

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