IPTM3300 - Chargeable events: policies and contracts charged: general

The policies and contracts that are potentially subject to the chargeable event regime are

• life insurance policies (may also be referred to as life assurance policies)
• life annuity contracts
• capital redemption policies, see IPTM1120

made, or varied so as to extend the term or increase the benefits, on or after 20 March 1968.

Life annuity means a purchased life annuity within the partial exemption scheme described at IPTM4000 onwards - see IPTM4220.

Certain policies and contracts are not chargeable, see IPTM1540.