Other UK income 16 - Deficiency relief

This relief may be due if policy or annuity, capital redemption policy or life annuity came to an end in the year to 5 April 2020 and:

• you made one or more chargeable event gains in a previous tax year(s), because you have made part withdrawals or part assignments of an amount higher than 5% of the premium
• you pay tax at the higher rate

For more information view the:

• Help Sheet 320 - Gains on UK life insurance policies
• Help Sheet 321 - Gains on foreign life insurance policies

For help working out deficiency relief go to IPTM3860 - Deficiency relief: entitlement and calculation.