Bupa: Further IPT rise punishes those 'who protect their health'

Alex Perry, CEO of Bupa Insurance [pictured] also described today's rise in Insurance Premium Tax as making ‘no sense.' In the Autumn Statement, chancellor Phillip Hammond announced that IPT will be increasing to 12% in June 2017. This is the third increase to IPT announced in less than 15 months.  Perry said: "The Government has announced three rises in less than two years on what is a completely misguided tax when it comes to health insurance. "It punishes those who take responsibility for protecting their health. Government should support, rather than penalise those who are usin...