M michaelm Registered User Messages 2,121 29 Mar 2012 #1 I should know this but . . is there any tax liability arising from a life assurance payout?
L LDFerguson Registered User Messages 4,823 29 Mar 2012 #2 What's the relationship between the beneficiary and the deceased?
M michaelm Registered User Messages 2,121 30 Mar 2012 #3 I want to take out a dual term life policy on myself and my wife that would also act as mortgage protection. I just wanted to confirm that Revenue could have no snout in that trough.
I want to take out a dual term life policy on myself and my wife that would also act as mortgage protection. I just wanted to confirm that Revenue could have no snout in that trough.
L LDFerguson Registered User Messages 4,823 30 Mar 2012 #4 You're safe. Your wife can inherit the proceeds of a life insurance policy from you with no tax implications and vice versa.
You're safe. Your wife can inherit the proceeds of a life insurance policy from you with no tax implications and vice versa.
I should know this but . . is there any tax liability arising from a life assurance payout?