Other UK income 02 - Gains from life insurance policies, capital redemptions policies and life annuity contracts

You should receive a certificate (a 'chargeable event' certificate) from:

• a UK insurance company
• a UK friendly society
• trustees of a trust you've set up or contributed to telling you about a chargeable event gain made in connection with a life insurance policy, capital redemption policy or life annuity. If you own the policy or annuity jointly with your spouse or civil partner, only enter your half share of the gain

UK insurers are required by law to issue a certificate if they know a gain has been made. HMRC may also have received a copy of the certificate. In some cases, the insurer may have sent you more than one certificate relating to a particular gain, with the later certificate showing a revised figure of benefits paid or amount of chargeable event gain. In this case, you should enter the details of the later certificate.

For all events other than sales or assignments, the certificate will show:

• details of the policy
• the type of event and the date it occurred - if there is one date make sure it falls in the year ended 5 April 2021, if there are two dates, make sure the later one falls in the year ended 5 April 2021
• the number of years since you took out the policy, or since the last event
• the amount of the gain
• whether tax is treated as paid on the gain and, if so, how much

Tick this check box if you received income from life insurance gains.