Selling an endowment mortgage plan?
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My mortgage has been paid off early and we have left the endowment policy, designed to pay it off, running.
It has 4 years to go, the current originating company "sell it now" price is £20,000 ish.
The final return is a bit of a "wait and see" amount. So we are tempted to sell it now and invest in a know result investment.
If I sell it to a specialist company instead of cashing it in is tax due? as opposed to the official tax free status if cashed in via the usual method.
Sorry to ramble, i've turned this into a ten question question.