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Federation insurance schemes to increase in June 2017

  • Posted On 19 Apr 2017

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    As you may be aware, in the Autumn statement 2016 the Chancellor announced a further increase in the standard rate Insurance Premium Tax (IPT). This increases the previous standard rate of 10% to 12% and is effective 1st June 2017.  Due to this, your monthly premiums to the Federation insurance schemes will increase.

    For details of the changes in premium, please see below:

    Serving Officers

    Scheme                        Current premium             Premium from 1st June 17

    Sick Cover                        £4.49                                     £4.55

    Package scheme              £24.04                                   £24.15

    Package scheme              £29.91                                   £30.03 

    Inc. Partner

    Package exc Travel          £20.13                                   £20.24

    Package exc Travel          £26.00                                   £26.12

    Inc. Partner      

    New Recruits 2nd Year    £13.58                                   £13.66

    New Recruits 2nd Year    £18.44                                   £18.55

    Inc. Partner      

    Package inc. Partner       £8.14                                     £8.19 

    & Partner Sick Cover

     

    Retired Officers

    Scheme                         Current premium             Premium from 1st June 17

    Package scheme              £24.09                                   £24.17

    Package scheme              £32.41                                   £32.50

    Inc. Partner

    Legal scheme                    £2.28                                     £2.32

    Over 65 scheme               £16.51                                   £16.59

    Over 65 scheme               £26.66                                   £26.75

    Inc. partner

    Over 70 scheme               £9.24                                     £9.35

    Over 70 scheme               £13.34                                   £13.49

    Inc. Partner

     

    Police Staff

    Scheme                        Current premium             Premium from 1st June 17

    Package scheme             £29.09                                   £29.25

    Package scheme             £38.02                                   £38.24

    Inc. partner

    Over 65                           £23.88                                   £23.99

    Over 65                           £33.41                                   £33.55

    Inc. Partner

     

     
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