Self Storage News

Insurance Premium Tax increase

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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