IPT set for another record year

November 2025 added a further £1.25bn to the taxation haul. The statistic represents a £125 million increase year-on-year, with FY24/25 figures standing at £6.64bn at this point last year. Last year was a record annual total for the taxation, with end of year figures reaching £8.88bn, this year's statistics look well on track to surpass FY24/25 figures. Cara Spinks, head of life & health, Broadstone, said: "November's figures confirm another strong month for IPT, taking the year-to-date total to over £6.7 billion and keeping the UK on course for another record year. "However, th...