The Association of Financial Mutuals (AFM) has called for the UK government to remove the P11D charge that is applied to workplace health cash plans.
Current rules were said to discourage employers and employees from using "affordable" and "practical" healthcare products. According to the AFM, the current P11D treatment fee can create an incentive for employees to opt out of employer-sponsored schemes. Removing the fee is expected to eliminate barriers, improve take-up of workplace health plans and help to reduce pressures on the NHS, the AFM said. The call forms part of the association's recently published strategy, Closing the Gaps: Building Financial Resilience, in which the AFM called on the government and regulators to imp...
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.




