Guidance

Gains on UK life insurance policies (Self Assessment helpsheet HS320)

Find out how you should enter chargeable event gains from UK life insurance policies on your Self Assessment tax return.

• From: HM Revenue & Customs
• Published: 4 July 2014
• Last updated: 7 April 2026
  Show all updates

  1. 7 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.

  2. 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.

  3. 14 March 2025

     Welsh translation has been added.

  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

     Gains on UK life insurance policies helpsheet for 2022 has been added. We have also removed the 2018 helpsheet.

  8. 6 April 2021

     The HS320 Gains on UK life insurance policies (2021) has been added.

  9. 6 April 2020

     A new version of the helpsheet has been added for the 2019 to 2020 tax year.

  10. 6 April 2019

      Self Assessment helpsheet HS320 for the 2018 to 2019 tax year has been added.

  11. 6 April 2018

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

  12. 3 May 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. 6 April 2015

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

  15. 4 July 2014

      First published.

Documents

HS320 Gains on UK life insurance policies (2026)

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HS320 Gains on UK life insurance policies (2025)

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HS320 Gains on UK life insurance policies (2024)

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HS320 Gains on UK life insurance policies (2023)

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Details

This guide covers what you need to do when dealing with the taxation of gains on UK life insurance policies.