Tax on endowments

By Evan Robinson · Updated

Desiree

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%.