Quote Originally Posted by Taunton Blue Genie View Post
I have a couple of endowments that are beyond maturity date but I let them run as I didn't need them to pay off the balance of my mortgage, which was their original purpose. However, won't I have to pay tax if I simply transfer them to a drawdown scheme?
No, I don't see any reason why you should pay tax on these. Just cash them in and start a pension fund. See my reply to Delmbox as above.