Increase in Insurance Premium Tax

As you may be aware, the Government announced recently that the standard rate of insurance premium tax (IPT) will be increased from 9.5% to 10.0%.

Due to this, monthly premiums to the Federation Group Insurance Scheme will increase with effect from 1st October 2016.

Serving Officer’s/Police Staff premium will now be £17.30 – a 2p increase, and

New Recruits year 2 premium will now be £8.65 – a 1p increase.

There is no change to other premiums.