Message

In the summer budget the Chancellor announced the rate of Insurance Premium Tax (IPT) will increase from 6% to 9.5% for all new insurance policies from 1 November 2015. IPT is the equivalent of VAT for insurance products therefore will impact on the cost of insurance for policyholders.

For more information visit;

https://www.gov.uk/government/publications/insurance-premium-tax-increase-to-standard-rate/insurance-premium-tax-increase-to-standard-rate