S-Tech news
EMERGENCY BUDGET 2010
23/06/2010
The Chancellor George Osborne delivered the following Insurance related news in his Emergency Budget.
• Insurance Premium Tax (IPT) will rise from 5% to 6% and from 17.5% to 20% in respect of Travel Insurance Products from 4th January 2011.
• VAT will rise from 17.5% to 20% from 4th January 2011.
• State Pension to be linked with earnings again.
Whilst, inevitably, further detail will emerge in the following days please do not hesitate to contact us if you wish to discuss any aspect of how the Emergency Budget may affect you.