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Does anyone know if insurance claims are taxable?

2 replies

SomeonePasstheChocolate · 19/01/2011 10:53

Oh Joy, Tax retrurn time.

I have made a mortgage protection claim during the last tax year and can't find out whetehr I have to declare it on the dreaded tax return.

All help and advice appreciated.

OP posts:
Chil1234 · 19/01/2011 14:22

Tax-free and taxable income

States under 'tax-free' income
"Insurance benefits paid to a person who is sick, disabled or unemployed, to meet her/his financial commitments. These include benefits paid under mortgage protection insurance, permanent health insurance, payment protection (credit) insurance and long-term care insurance"

SomeonePasstheChocolate · 19/01/2011 16:32

Thanks very much Chil1234

I searched but couldn't find a reference to it.

Phew.

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