Are Life Insurance Proceeds Taxable Uk. We want it to deliver peace of mind. This can be a complicated topic to get to grips with, which is no doubt why so many customers have asked us this very question.
However, there is a way to reduce or avoid paying inheritance tax altogether, which we explain below. So, how is life insurance taxed in the uk? One of the main selling points of life insurance is that the proceeds are typically not taxable.