AFM writes to the Economic Secretary on IPT and health cash plans

AFM letter to the Economic Secretary

In March we wrote to the Economic Secretary, putting forward a case for the government to consider exempting holders of mutual health cash plans from paying Insurance Premium Tax.  

In the UK, we benefit from one of the best healthcare systems in the world. But trips to hospital, or paying for routine healthcare, such as GP prescriptions, dental check-ups or eye tests, means costs can mount up. And individuals may also need to pay for therapeutic treatments, such as a chiropractor or physiotherapist. The low premiums and accessible nature of the health cash plan makes them attractive to people for whom these costs may be difficult to budget.

You can read the letter here.

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