Exit tax on BOI Life policy

markeymark · 2017-12-01 22:04:09

Hello BOI, I was checking if exit tax was automatically applied when a BOI Life policy is closed or encashed? Is there any other action for the personal customer to take, i.e. is a tax return necessary... I presume not? Thanks

01-12-2017 11:04PM

#1

markeymark

Registered Users, Registered Users 2 Posts: 88 ✭✭

Join Date: January 2006

Posts: 72

Hello BOI,

I was checking if exit tax was automatically applied when a BOI Life policy is closed or encashed? Is there any other action for the personal customer to take, i.e. is a tax return necessary... I presume not?

Thanks

0

Comments

#2 02-12-2017 11:41AM

Bank of Ireland: Sarah

Closed Accounts Posts: 1,640 ✭✭✭

Join Date: January 2014

Posts: 1596

Hi markeymark,

Thanks for getting in touch with us on Boards.

We are just going to double check this for you and will get back to you asap.

Thanks,
Sarah

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#3 04-12-2017 12:44PM

Bank of Ireland: Sarah

Closed Accounts Posts: 1,640 ✭✭✭

Join Date: January 2014

Posts: 1596

markeymark wrote: »

Hello BOI,

I was checking if exit tax was automatically applied when a BOI Life policy is closed or encashed? Is there any other action for the personal customer to take, i.e. is a tax return necessary... I presume not?

Thanks

Hi markeymark,

Thanks for your post.

It would be best to contact our BOI Life team on 1890 309 309 as they will be happy to confirm this for you on your specific policy.

Thanks,
Sarah

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