Millions of people and businesses will be hit with increased insurance bills as the Government's increase in Insurance Premium Tax (IPT) takes effect from today.
This latest increase now means the rate of tax paid on most insurance policies has doubled, from 6% in 2015 to 12% now - in a period of only 19 months. The move will affect the 1.9m private medical insurance...
Ramifications for advice firms
Calling for new advisers to join
Falls to 2.4%
Spent three years in the role
One of many options being 'kicked around'