Due to divorce and ill health, I am moving back to UK to be near people who love and and can help support me emotionally through some challenging times. Once settlement of our financial assets is finalised I will be arranging to go. Can anyone tell me whether Australian life insurance is valid in UK, I have a policy through my super fund, and will probably need to use it for TPD in the future, or just to leave to me family when I pass. Also, do we have to pay tax on money taken back from liquidation of all assets?
Thanks in advance.
Karen