Selling an endowment mortgage plan?
The proceeds are completely tax free
To maximize the cash in value go to a company that sells on endowment policies to investors Asd you only havd 4 years to runyou could get a sizeable return
John
Sat, 22/03/2008 - 17:43
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Thank you John. Happy Easter
Sun, 23/03/2008 - 10:05
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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.