Insurance

Insurance tax bill may be delayed

Tuesday 13th of January 2009

The insurance law changes are aimed at bringing the tax treatment of life insurance up-to-date with industry practice. At present the tax laws reflect the old-fashioned life policies which contained a significant savings element.

The changes mean most life insurers will pay more tax and are likely to pass increased cost on in premium rises.

Premium hikes of 20% or more have been s...

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