No Result
View All Result
Benefits Expert
  • About
  • Advertise
  • Alerts
  • Events
  • Contact
  • NEWS
  • IN DEPTH
  • PROFILE
  • PENSIONS
  • GLOBAL REWARDS
  • FINANCIAL BENEFITS
  • HEALTH & WELLBEING
  • DIVERSITY & INCLUSION
  • PODCAST
No Result
View All Result
Benefits Expert
  • NEWS
  • IN DEPTH
  • PROFILE
  • PENSIONS
  • GLOBAL REWARDS
  • FINANCIAL BENEFITS
  • HEALTH & WELLBEING
  • DIVERSITY & INCLUSION
  • PODCAST

Axa Health calls for Jeremy Hunt to cut tax for workplace PMI

by Benefits Expert
02/02/2023
Axa Health calls for Jeremy Hunt to cut tax for workplace PMI
Share on LinkedInShare on Twitter

RELATED POSTS

pension, pot, savings, workplace

Pensions industry urged to lead on solving small pots cost and confusion by 2030

wellbeing, exercise class, weights, health

Rise in UK workers prioritising self-care over socialising as more resist fast pace of life

Axa Health has told chancellor Jeremy Hunt he should implement a tax cut for employers providing private medical insurance (PMI) and wellbeing services in next month’s Budget.

The submission was in response to HM Treasury’s pre-Budget Call for Evidence which will be considered by Hunt. It closed to responses yesterday (1 February).

In its response, Axa Health CEO Tracy Garrad urged the government to support businesses that looked after the health and wellbeing of their employees, as part of their plan to tackle economic inactivity.

“We strongly believe that measures to support health and wellbeing should be prioritised by government and are critical in helping build and sustain the health of the nation,” Garrad said.

“Although the government undoubtedly has difficult decisions to make around funding, we believe that offering a reduction in tax for employers on the PMI and health and wellbeing services they provide could increase provision, reduce the strain on the NHS and benefit the UK economy.”

In support of her call, Garrad pointed to an independent report the insurer commissioned which showed the PMI market contributed an estimated £1.3bn to the economy and society, through cost savings on sickness benefits, improved productivity and fewer sick days, and improvements to quality of life.

“Encouraging more employers to offer PMI and wellbeing services to their people is a positive thing, not only for those individuals who receive it, but for the wider economy too by reducing economic inactivity,” Garrad continued.

“The contribution that businesses make to the health of their workforce shouldn’t be overlooked. Any disincentives, such as increases to taxes on these services could increase pressure on an already stretched NHS.”

Next Post
pension savings

Veitchi completes £8m buy-in with Just Group

Early finish on Fridays most popular perk, research reveals

Early finish on Fridays most popular perk, research reveals

SUMMIT

BENEFITS UNBOXED PODCAST

Benefits Unboxed
Benefits Unboxed

The podcast from Benefits Expert, the title for HR, reward and benefits professionals.

Seasoned professionals examine the challenges and innovations in today’s employee benefits, reward and HR sector. Every episode, they will unbox a key issue and unpack what it really means for employers and how they can tackle it.

The regulars are Claire Churchard, editor of Benefits Expert; Carole Goldsmith, HR director at the Royal Horticultural Society, and Steve Herbert, consultant and rewards & benefits veteran.

Benefits Unboxed – Hybrid work: reality versus rhetoric
byBenefits Expert from Definite Article Media

Return-to-office mandates are a topic that’s generating plenty of heat in the media, but how closely do the headlines match workplace reality? 

In this episode, one of a three-part series of 10-minute podcasts, hosts Claire Churchard and Steve Herbert discuss data that shows remote or home working is on the rise.

We look at what this means for HR, from balancing employee flexibility with business needs, to ensuring benefits packages remain fair and accessible. We discuss the pinch points, and the opportunities, in building the new normal of work.

Benefits Unboxed – Hybrid work: reality versus rhetoric
Benefits Unboxed – Hybrid work: reality versus rhetoric
31/08/2025
Benefits Expert from Definite Article Media
Search Results placeholder

GUIDE TO PROTECTING YOUR WORKFORCE



REQUEST A FREE COPY

OPINION

Neil Mullarkey, communications, expert, author, improv

Why marketing will define tomorrow’s reward leaders

Steve Herbert, consultant, ambassador, reward, benefits, HR strategy

Steve Herbert: The art of the deal?

Lorna Ferrie, legal and compliance director, Mauve Group

Lorna Ferrie: hybrid is not a loophole, remote teams can’t ignore the pay transparency push

Holly Coe, Innecto Reward Consulting

Holly Coe: friendship is an overlooked superpower when tackling workplace absenteeism

SUBSCRIBE

Benefits Expert

© 2024 Definite Article Limited. Design by 71 Media Limited.

  • About
  • Advertise
  • Privacy Policy
  • Terms & Conditions
  • Contact

Follow Benefits Expert

No Result
View All Result
  • News
  • In depth
  • Profile
  • Pensions
  • Global rewards
  • Financial benefits
  • Health & wellbeing
  • Diversity & Inclusion