To what extent is the insurance covert tax impacting you?
Insurers have faced criticism for the increase in the cost of auto and homeowner’s insurance over the past year, but the insurance premium tax imposed by the Treasury is exacerbating the situation.
This clandestine tax currently generates an astounding £7.45 billion annually; however, it remains uncertain how much it is likely to cost you and whether there is a possibility of reducing it.
In this episode of Lunch Money, This is Money’s Simon Lambert and Helen Crane examine the insurance premium tax trap.
Furthermore, interactive investor Victoria Scholar discusses the restoration of momentum for Marks & Spencer and assesses the sustainability of the company’s stellar performance, which has propelled its shares to unprecedented heights.
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Ultimately, after months of distressing interest rate spikes for consumers, what positive developments are emerging from the mortgage industry?
