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What is Insurance Premium Tax?

Find out about Insurance Premium Tax (IPT)  and what it means for you.

Insurance Premium Tax, or IPT, is a tax charged by the UK Government that’s payable on most insurance products.
The total you pay for your insurance will include IPT.

IPT increased from 9.5% to 10% on 1 October 2016, and then again to 12% from 1 June 2017. These increases resulted from a change in Government legislation.

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For security reasons. please do not send sensitive information such as bank, debit or credit card details via email. MORE THAN cannot be held responsible for information transmitted in this way.

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MORE THAN Customer Relations Team
PO Box 255
Wynmondham
NR18 8DP

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MORE THAN is a trading name of Royal & Sun Alliance Insurance plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (Financial Services Register No. 202323).

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