Insurance Premium Tax increase |

Insurance Premium Tax increase

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Boring but important news for all our storage customers. George Osborne lit up our lives in the March 2015 budget by quietly introducing (no-one noticed, so he’s bound to do it again!) an increase to Insurance Premium Tax. IPT goes from 6% to 9.5% from 1st November 2015 – a whopping 58% rise! But actually the news is not so bad – most of our customers have seen an increase to their monthly insurance bill of only 18p – 60p. It’s important to remember that Fort Locks Self Storage has not increased storage rental fees or insurance rates – it’s just the tax on the insurance element – so blame George!

Meanwhile, despite George’s best efforts, business is booming at Fort Locks – and we have some terrific offers and discounts leading up to Christmas, so do pop in or give us a call for a quote.

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