I'm about to cash-in some endowment policies (been running for longer than
10 years). My annual income is 31900, and my tax code is 474 - as our wonderful friends the Inland Revenue class earnings from endowment policies as 'income', does that mean I will get clobbered for high rate tax as my salary plus the endowments will equal around 50k? That is, of course, if I declare it! But I'd like to know either way.
cheers joabb