Our 25 year endowment is maturing next month and due us converting our mortgage some time ago to 80% repayment we will end up with quite a large amount of money left over once we pay off what remains of the mortgage.
My very naive question to you guys is do we need to declare the money we gain in our pocket from the endowment?
I'm pretty sure I'm going to have to pay some kind of tax....
The paper we've just received makes no mention of it, just asking where do we want the money paid and some thing about anti money laundering (we've been paying into this endowment for 25 years!).
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Endowment cash new
Endowment cash new
