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Contents

Official guidance
Insurance Policyholder Taxation Manual

IPTM1000 · Introduction

  • IPTM1010 · About this manual
  • IPTM1011 · What is in IPTM
  • IPTM1012 · What is not in IPTM
  • IPTM1013 · Feedback
  • IPTM1014 · How to use this manual
  • IPTM1015 · How the IPTM is different from AP and CT
  • IPTM1025 · Destination of AP, CT and RE paragraphs
  • IPTM1050 · Derivation of IPTM paragraphs
  • IPTM1075 · Legislative references: ITTOIA 2005 and ICTA 2009
  • IPTM1100 · Fundamental concepts: what is insurance?
  • IPTM1105 · Fundamental concepts: what is an insurer?
  • IPTM1110 · Fundamental concepts: what is a policyholder?
  • IPTM1115 · Fundamental concepts: what is a life policy?
  • IPTM1120 · Fundamental concepts: what is a capital redemption policy?
  • IPTM1125 · Fundamental concepts: what is a group life policy?
  • IPTM1130 · Fundamental concepts: what is an annuity?
  • IPTM1135 · Fundamental concepts: what is a purchased life annuity?
  • IPTM1140 · Fundamental concepts: what is a structured settlement?
  • IPTM1145 · Fundamental concepts: what is sickness, disability and unemployment insurance?
  • IPTM1150 · Fundamental concepts: what are immediate needs annuities?
  • IPTM1200 · Private medical insurance: background
  • IPTM1300 · Development of policyholder taxation: historical
  • IPTM1310 · Development of policyholder taxation: chargeable events
  • IPTM1320 · Development of policyholder taxation: outline of changes
  • IPTM1400 · Types of insurance policy used for investment: unit linked policies
  • IPTM1410 · Types of insurance policy used for investment: with-profits and without-profits policies
  • IPTM1420 · Types of insurance policy used for investment: guaranteed income bonds, guaranteed growth bonds and indexed bonds
  • IPTM1500 · Outline of the chargeable events regime: underlying theory
  • IPTM1510 · Outline of the chargeable events regime: part surrenders and part assignments for consideration
  • IPTM1520 · Outline of the chargeable events regime: focus on the policy, calculate the gain and attribute it
  • IPTM1530 · Outline of the chargeable events regime: types of policy and contract chargeable
  • IPTM1540 · Outline of the chargeable events regime: policies and contracts not chargeable
  • IPTM1550 · Outline of the chargeable events regime: person chargeable
  • IPTM1560 · Outline of the chargeable events regime: tax charged
  1. Introduction: contents
  2. Private medical insurance: background

IPTM1200 | Private medical insurance: background

From HM Revenue & Customs · Insurance Policyholder Taxation Manual

Relief for premiums paid on private medical insurance ‘PMI’ policies existed,for persons aged over 60 only, between 1990 and 1997. It was abolished for policies takenout, or renewed, after 1 July 1997. As these policies are renewed on an annual basis, therelief is obsolete.

PMI policies contribute towards the cost of private medical treatment. Policies differ,but usually they cover short-term, curable illnesses or injuries.

| Further reference and feedback | IPTM1013 | |——————————–|——————————————————————————————————|

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