Phoenix Ireland

 

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Government Levy
 
 
 
Information about the 1% premium levy


The Finance Act 2009 introduced a 1% levy on premiums invested in life assurance policies with effect from 1st August 2009.

Given this situation we would like to update you on our position:

  • We will not deduct the levy from any premiums invested during August and September 2009

  • This applies to all our products, regular and single premiums.

  • We will not retrospectively deduct the levy from premiums invested during August and September 2009

Refer to links below for information, sample letters and a list of questions and answers about the levy.

 
Levy update for our customers
Questions & Answers Read More
Release: 10th May 2010
 
Levy mailing to our customers
Sample Policyholder letter Read More
Sample Intermediary letter Read More
Questions & Answers Read More
Release: 1st September 2009
 
Levy announcement
Information for our Policyholders Read More
Information for our Intermediaries Read More
Release: 5th August 2009

 

 

Scottish Mutual International Limited is regulated by the Irish Financial Regulator, and Phoenix Life Limited is regulated in the United Kingdom by the Financial Services Authority.