We had a whole of life serious illness policy which had some type of investment element attached to it.
However the plan was very expensive so we cancelled all of it except for the life policy element. We then received a lump sum payment from the partial encashment of the plan. Does this need to be recorded on the form 12 and is there any other taxes forms etc that need to be completed in relation to this?
However the plan was very expensive so we cancelled all of it except for the life policy element. We then received a lump sum payment from the partial encashment of the plan. Does this need to be recorded on the form 12 and is there any other taxes forms etc that need to be completed in relation to this?