7 September 2015
Tax Hike Set to Push up Car Insurance Premiums

Tax Hike Set to Push up Car Insurance Premiums

Car insurance premiums are set to rise over the next few months, after the Chancellor George Osborne announced an increase in Insurance Premium Tax (IPT). The tax hike will see IPT go from 6% to 9.5% in November, and it applies to pet, mobile, contents, building and car insurance – with 19.6 million people affected by the motor insurance increase in particular.

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