Bupa has criticised the further rise to insurance premium tax (IPT) as punishing those who take responsibility for 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...
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