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HMRC internal manual

Insurance Policyholder Taxation Manual

From
HM Revenue & Customs
Updated
, see all updates

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