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Endowment payout that really paid off

I was shocked to receive a client&#39s maturity advice for his low-cost endowment policy.

The target maturity amount is £7,250. How dare the providers pay out only £33,126.70, leaving him a miserable profit of £25,876.70 tax-free. Why, his return is less than five

times what he needed to

repay the mortgage.

I suppose this is offset slightly by the thousands of pounds he received in windfall payment from the provider on demutualisation – but I await his complaint in trepidation.

David Humble

Ilford, Essex

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