Don Taskme
Registered User
- Messages
- 2
Hi all, just a quick question if anyone can advise.
I lived in the UK a few years ago, I had a house over there and I took out an Endowment policy to pay for this. I sold the house when I moved back to Ireland but kept the Endowment policy going instead of cashing it in for the life insurance so every month I have been transferring some money from my account here to my original UK current account to meet the monthly premiums.
Next year the policy comes up for maturity and I would like to keep the money in Sterling in the UK for now.
Will I have any Irish tax liability on the lump sum I get on maturity?
I presume I will have a tax liability on any interest that might accrue on the money once I keep it in my UK account?
Any other suggestions or advice on what I should do?
I lived in the UK a few years ago, I had a house over there and I took out an Endowment policy to pay for this. I sold the house when I moved back to Ireland but kept the Endowment policy going instead of cashing it in for the life insurance so every month I have been transferring some money from my account here to my original UK current account to meet the monthly premiums.
Next year the policy comes up for maturity and I would like to keep the money in Sterling in the UK for now.
Will I have any Irish tax liability on the lump sum I get on maturity?
I presume I will have a tax liability on any interest that might accrue on the money once I keep it in my UK account?
Any other suggestions or advice on what I should do?