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June 1st 2017
Following the implementation of the 1st June 2017 Insurance Premium Tax (IPT) rise of 2%, from 10% to 12%, we're happy to announce that our prices have stayed the same as they before and that the 2% rise has not been passed on to our customers!
Unlike a lot of competitors who have increased their prices by 2% or more, we've decided to swallow the increase ourselves, making our products even better value than they were before.
With the rate of IPT constantly in the news due to the Government's refusal confirm that it will not rise again or indeed be increased to match the VAT rate (20%), further increases are expected, and which will be addressed at that time, albeit under heavy opposition from insurers and brokers alike.