Philip took out a qualifying onshore endowment policy for 20 years which he made paidup in year 9. This means that he ma
Posted: Thu Jul 21, 2022 8:51 pm
Philip took out a qualifying onshore endowment policy for 20 years which he made paidup in year 9. This means that he may become personally liable to tax on the policy proceeds:
A. At maturity
B. If he makes a partial surrender
C. If he assigns the policy to his wife
D. On settlement of a critical illness claim
A. At maturity
B. If he makes a partial surrender
C. If he assigns the policy to his wife
D. On settlement of a critical illness claim