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Tax on endowments

Posted 12 August 2015 under Tax Q&A


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Desiree says:
11 August 2015 at 22:51

What percentage of tax do you pay on endowments upon a husband's death, and his wife is the beneficiary?

This entry was posted in Tax Q&A and tagged , , , . Bookmark the permalink.

TaxTim TaxTim says:
12 August 2015 at 15:28

An endowment will be free from capital gains tax as you are the surviving spouse, but any income from the interest will be taxed at 30% and the dividends at 15%.


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