Broadstone stated that a reduction of taxation would make it easier for employers to invest in private healthcare and wellbeing support for employees.
The consultancy’s recommendations are:
Remove Insurance Premium Tax (IPT) from health insurance products
Tax relief or reductions in employer National Insurance (NI) contributions for workplace health and wellbeing programmes
Targeted grants or subsidies to help smaller employers invest in workforce health
Broadstone said that employer-funded private medical insurance (PMI) alongside most health insurance premiums are subject …