Pensioners should have tax discount to buy private health insurance
Conservative MP Sir Paul Beresford wants pensioners to have a tax break to help pay for private medical insurance, to ease the burden on the NHS caused by the UK's ageing population. His private Medical Insurance (Pensioner Tax Relief) Bill seeks to encourage pensioners to maintain or take out health policies after retirement by allowing basic rate tax relief for pensioners of 65 plus rising as and when pensionable age increases. The Bill was given an unopposed first reading but stands little chance of making further progress due to a lack of parliamentary time. It also ignores the facts that only the most well off pensioners pay tax, and that a similar tax-incentive years ago was not a success.
Private medical insurance news: 20 March 2011