Doing what’s right for you
If your endowment is coming up to maturity, it's time to decide what to do with your money. We’ve got options for you to choose from.
Withdraw your money
Take the money from your endowment in cash
Move it to another investment
Move your money into an ISA, investment account or pension
Get some advice
Talk to a financial adviser about what's right for you
The money you take from an endowment may be taxable. You should understand the impact of this on the amount of money you actually receive.
How endowments work
An endowment is a combination of a long-term investment and a life insurance policy.
It's designed to pay you the final value of the policy when it matures.
Or, if you die before the policy matures, it will pay out a minimum amount to a beneficiary.
When your endowment pays out, you can choose what you do with your money.
Take your money
We’ll write to you 4 to 6 weeks before your endowment matures with full details of what you need to do to take your money.
You will need to complete and return the 'payment release form' we send, along with any other documents we ask for. Once that’s all done we can pay the money straight into your bank account.
Invest your money
If you don’t need or want to use the money from your endowment right away, you could invest it.
Don’t forget that the value of investments can go down as well as up and you may get back less than you invested.
Look after your loved ones
When your endowment matures, the life cover it gives you comes to an end. So you may want to think about providing for your loved ones with some dedicated life insurance.
Need a little help?
Take a look at the most common questions people ask us about using their endowment.
Next steps for your money
If your endowment is maturing, you might want to use your money in other ways.
Aviva Stocks & Shares ISA
Make the most of your money by investing with our tax-efficient Stocks & Shares ISA.
Aviva Investment Account
Open an Aviva Investment Account and manage your money with our easy-to-use online investment service.
Save smartly with our individual, self-invested pension. You choose how your money's invested, manage everything online and get valuable benefits from the taxman. It all adds up.
If you’re not sure what to do when your endowment matures, you might want to speak to a financial adviser.
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Give us a call to talk about your endowment options.
Monday to Friday: 9:00 – 17:00
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