IPT Increase

All general insurance products in the UK attract insurance premium tax currently at a rate of 6%. From 1st November 2015 this will increase to 9.5% (remaining at 20% for Travel insurance). We regret that this increase has been applied by the government and would ask you to remember that this portion of your premium is a pure tax and no portion is kept by your insurers or ourselves.

This is likely to result in an increase in the total premiums paid for insurance this year. However we would like to remind you that this will affect all insurers and at Sherwin insurance we have access to a wide range of comprehensive and competitive insurance products, for both the personal and business markets.