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HMRC internal manual

Insurance Policyholder Taxation Manual

What is in IPTM

The manual covers

  • taxation of benefits from




  • life policies
  • life annuities
  • capital redemption policies


  • the tax treatment of




  • purchased life annuities
  • structured settlements
  • sickness, disability and unemployment insurance/permanent health insurance
  • immediate needs annuities/long term care insurance


  • reliefs for




  • life assurance premiums paid.

Some of these terms are explained in following paragraphs.

Further reference and feedback IPTM1013