![A small model home with a small family and car, a person is holding an umbrella above them. A small model home with a small family and car, a person is holding an umbrella above them.](/sites/default/files/styles/responsive_4_3_600w/public/2024-08/draftf2.png?h=012e63df&itok=rimob576)
Part surrenders and part assignments of life insurance policies
The LITRG’s response (endorsed by Tax Help for Older People) to the consultation on partial surrenders of life policies highlights the need for both simplicity and fairness in calculating the amount of gain to be brought into charge, with insurers making sure to inform policyholders of the new tax r...