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UK Endowments


FamilyHughes

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Can anyone advise on what the likely treatment would be in the UK and in Australia re out Endowments which are due to mature in the next 1 to 3 years.

We currently still own a home in the UK which is rented out. I plan to move back to the UK for a period to sort out various business matters and potentially also sell our house before returning to Australia. My husband and I both have endowments. The completion of each required towards paying off our UK mortgage.

After nearly 25 years both of our endowments have recently returned to Green so we really do not want to stop these early.

 

At maturity if we are both, or one of us, are still living in Australia would we have to pay tax on any 'gains'.

 

Thank you!

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