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Tax on endowments

Posted 12 August 2015

Desiree said:
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?

TaxTim Evan TaxTim Evan said:
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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