My endowment (*!^^*? waste of time that it was) is due to mature in 8 yrs time (£14,000 lower than targeted amount).
Obviously I don't want to stop it yet, but when it does mature and I'm living in Oz, will this be subject to capital gains tax? In the UK this would be tax free - I think the contributions themselves have been taxed all the way through.
If it is subject to cgt is this avoidable if I use it to pay off an Aussie mortgage?
