Cowart's Common Room
Insurance

Have just had our insurance renewal thing through - the predictable nasty number. And what makes me cross is the tax we have to pay on being insured. I mean, we can't drive without insurance, we can't go on holiday without insurance, our mortgage people demand that we have insurance - AND THEN WE ARE TAXED ON IT.

Posted at 15th Apr 2008 - 03:09PM   Posted by Milla   Insurance Comments: 8

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Piggin public liabilty i need for W.....'s walking on my land Shocked and now for the market stall Twisted Evil

Posted by: Bodran on 15th Apr 2008 at 04:24PM

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Faith's Avatar I just paid an astronomical amount for daughter's car insurance but if she was uninsured, caught, and fined she'd probably only get a 200 quid fine. It's not fair, in fact it's scandalousEvil or Very Mad

Posted by: Faith on 15th Apr 2008 at 04:45PM

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The irony is Milla, that if you go back to the 1970s, some insurances, particularly life assurance, attracted tax relief at 17.5% (half the basic rate of the time), also there was tax relief on mortgage interest. Now the obverse is the case and we are taxed out of existance on almost everything, and stealth taxes abound.

My question is, where on earth has all the money collected in taxes gone? The level of wastage is obscene.

Posted by: ZoŽ on 15th Apr 2008 at 05:32PM

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Milla's Avatar Exactly - I'd forgotten that MIRAS business, Zoe. The trouble is they clobber those of us who do right by the system to cover the puggers who don't - and Faith even those caught often don't end up paying. In one of my car crashes, E was driving, went all the way round the roundabout as had to go home for something, but some impatient driver tried to overtake him very fast on the roundabout and literally took the front of our car off. Obviously he scarpered before the police came and obviously he wasn't insured, and for the insurance company it was only "worth" them sending a man out 2x to try to chase him up (he just didn't answer the doorbell - easy) so it had to come off our insurance and, yup, the premiums went up. Drives (ho ho) me mad. They tax you for everything and where indeed has the money gone. And for you to be liable, Bodran, in case some w***er trips on your land is just symptomatic of how nanny-crazy and tax-hungry this country is. am cross.

Posted by: Milla on 15th Apr 2008 at 06:21PM

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Westerwitch's Avatar Slave to insurance here as well. I know of one business that wanted to do Wildlife Walks who didn't do it because they stood to go bust if there was an accident even with insurance. The problem with insurance is the slightest thing and they won't pay up. We got hit by someone on a single track road - they came round the corner far too fast and hit us - we were going so slowly we had almost stopped. The insurance company tried to say we were on the wrong side of the road . . .Blink

Posted by: Westerwitch on 15th Apr 2008 at 07:02PM

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Exmoorjane's Avatar Evil or Very Mad We are TAXED on insurance??? I didn't know that. I say again.....Evil or Very Mad

Posted by: Exmoorjane on 15th Apr 2008 at 09:36PM

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Lily's Avatar And to rub salt into the wounds the 10p tax band has been abolished, so all on modest wages will pay more tax. Thought we had a socialist government.
Have renewed car insurance today but can't see anything re tax on the form, am I missing something?

Posted by: Lily on 15th Apr 2008 at 11:08PM

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Milla's Avatar mine was on house insurance and seems to be set at about 5%, and you def pay it on holiday insurance and on cars, mine states at the bottom of the schedule, "all premiums include Insurance Premium Tax" Goodoh.

Posted by: Milla on 16th Apr 2008 at 09:39AM

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