18 April 2007
Our high worth client has bought at auction a portfolio of endowment assurance policies. At maturity (being periods of between seven to 25 years from the date of their acquisition), these policies will pay out terminal bonuses of a percentage of the sum assured. Alternatively, these sums will be paid out at the earlier death of the life assured. Whilst the policies are in force, our client will pay the premiums.
Readers' views would be appreciated on the tax position of our client, in particular relating to the following points.
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Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
