Guidance

Gains on foreign life insurance policies (Self Assessment helpsheet HS321)

Find out how to calculate gains on foreign life insurance policies and make entries on your tax return.

• From: HM Revenue & Customs
• Published: 4 July 2014
• Last updated: 14 July 2026
  Show all updates

  1. 14 July 2026

     'Part 2, 6.1' of the 2026 helpsheet has been updated to explain that gains must be reported in the 'Foreign' section of the tax return and, for paper returns, on the Foreign supplementary pages (SA106).

  2. 6 April 2026

     The helpsheet for tax year 2025 to 2026 has been added, and the version for tax year 2021 to 2022 has been removed.

  3. 6 April 2025

     The helpsheet for tax year 2024 to 2025 has been added, and the version for tax year 2020 to 2021 has been removed.

  4. 6 April 2024

     The helpsheet for tax year 2023 to 2024 has been added, and the version for tax year 2019 to 2020 has been removed.

  5. 4 August 2023

     The 2023 helpsheet has been updated with further guidance about when and how to report a gain.

  6. 6 April 2023

     The helpsheet for tax year 2022 to 2023 has been added, and the version for tax year 2018 to 2019 has been removed.

  7. 6 April 2022

     The helpsheet for tax year 2021 to 2022 has been added, and the versions for tax years 2016 to 2018 have been removed.

  8. 6 April 2021

     Guidance has been updated to include HS321 Gains on foreign life insurance policies (2021).

  9. 6 April 2020

     Helpsheet added for the tax year 2019 to 2020.

  10. 6 April 2019

      The helpsheet has been added for the tax year 2018 to 2019.

  11. 6 April 2018

      The helpsheet has been added for the tax year 2017 to 2018.

  12. 11 April 2017

      The helpsheet has been added for the tax year 2016 to 2017.

  13. 6 April 2016

      Rates, allowances and duties have been updated for the tax year 2016 to 2017.

  14. 8 April 2015

      Rates, allowances and duties have been updated for the tax year 2015 to 2016.

  15. 4 July 2014

      First published.

Documents

HS321 Gains on foreign life insurance policies (2026)

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HS321 Gains on foreign life insurance policies (2025)

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HS321 Gains on foreign life insurance policies (2024)

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HS321 Gains on foreign life insurance policies (2023)

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Details

This guide explains gains on foreign life insurance policies. It covers:

• the types of policies
• whose gain it is
• how to make entries on your tax return
• how to calculate the gain