Guidance

Gains on UK life insurance policies (Self Assessment helpsheet HS320)

Find out how you should enter chargeable event gains from UK life insurance policies on your Self Assessment tax return.

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This guide covers what you need to do when dealing with the taxation of gains on UK life insurance policies.

Published 4 July 2014

Last updated 67 April ~~2025~~2026 + show all updates

7 April 2026
The helpsheet for tax year 2025 to 2026 has been added, and the version for tax year 2021 to 2022 has been removed.

6 April 2025
The helpsheet for tax year 2024 to 2025 has been added, and the version for tax year 2020 to 2021 has been removed.
14 March 2025
Welsh translation has been added.
6 April 2024
The helpsheet for tax year 2023 to 2024 has been added, and the version for tax year 2019 to 2020 has been removed.
4 August 2023
The 2023 helpsheet has been updated with further guidance about when and how to report a gain.
6 April 2023
The helpsheet for tax year 2022 to 2023 has been added, and the version for tax year 2018 to 2019 has been removed.
6 April 2022
Gains on UK life insurance policies helpsheet for 2022 has been added. We have also removed the 2018 helpsheet.
6 April 2021
The HS320 Gains on UK life insurance policies (2021) has been added.
6 April 2020
A new version of the helpsheet has been added for the 2019 to 2020 tax year.
6 April 2019
Self Assessment helpsheet HS320 for the 2018 to 2019 tax year has been added.
6 April 2018
The helpsheet has been added for the tax year 2017 to 2018.
3 May 2017
The helpsheet has been added for the tax year 2016 to 2017.
6 April 2016
Rates, allowances and duties have been updated for the tax year 2016 to 2017.
6 April 2015
Rates, allowances and duties have been updated for the tax year 2015 to 2016.
4 July 2014
First published.