Life assurance premium relief is abolished in respect of all policies with effect from, broadly, 6 April 2015 (see E1.1300).
Where following a surrender etc any amount has been retained by the life office concerned from the proceeds arising by way of recovery1, such recovery is to reduce and, if large enough, extinguish the tax relief2 otherwise obtainable on the relevant premiums paid under the policy3.
In the case
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Web page updated on 17 Mar 2025 17:23