Green Paper: Unum reiterates call for govt to introduce GIP tax breaks

clock • 2 min read

Unum has called for the government to introduce a temporary tax incentive for employers that buy group income protection (GIP) to improve the working lives of people with disabilities and long term health problems.

Unum made the recommendation in its response to the government's consultation on Improving lives, the Green Paper on work, health and disability published jointly by the Department for Work and Pensions and the Department for Health last November.  The Green Paper stated that the government thinks "Group Income Protection insurance policies have a much greater role to play in supporting employers" and considers how to increase the number of employees with GIP in large and small organisations.  Unum is recommending  the government implement a temporary reduction in the national insuran...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

PIB Employee Benefits acquires YouatWork

PIB Employee Benefits acquires YouatWork

Expands product portfolio

Jaskeet Briah
clock 08 April 2024 • 1 min read
91% of employers have hybrid workers

91% of employers have hybrid workers

EAPs critical for employee health

Cameron Roberts
clock 02 April 2024 • 1 min read
Spectrum.Life partners with Duality Healthcare

Spectrum.Life partners with Duality Healthcare

Advancing mental healthcare accessibility

Jaskeet Briah
clock 28 March 2024 • 1 min read