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bigduckontax, Accountant
Category: Tax
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I have a fund in standard life but never withdraw any money.

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I have a fund in standard life but never withdraw any money. My question is do I pay tax anyway on it or is it just when I take somethintg out

Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.

Rest easy, only when you make withdrawals might you be subject to taxation.

I would be inclined to peruse the blurb which came with the product which may give advice on tax treatments in various circumstances.

I do hope that you have found my reply of assistance.

bigduckontax and other Tax Specialists are ready to help you

Thank you for your support.