Well… they are all the subject of new laws that come into force on 6th April. This blog takes you through some of the law changes and how they may affect you.
1. All dogs must be microchipped
In an effort to curb the cost to tax payers and charities for dealing with stray dogs, you must now microchip and keep the details up to date on an authorised database. So it is now not just the conscious owner’s choice to microchip their dog – it’s the law – and if you don’t, you could face a fine of up to £500.
2. Non-EU workers earning less that £35k will have to leave the UK
In an effort to curb immigration figures, all non-EU migrants who have been working in the UK for more than 5 years but who earn less than £35k can be deported. If you’re a nurse, PhD-level job or on the official shortage occupation list you’re safe. But if you’re a teacher, I.T. worker or marketer you’ll need to look for employment away from the UK.
3. Pensioners will get a flat-rate pension
In an effort to make it easier for people to understand their state pension entitlement, those retiring will now get a flat-rate of £155.65 per week, rather than a basic salary and a variety of ‘top-up’ pension amounts.
4. Savers get a new ‘Personal Savings Allowance’
In an effort to reward savers after all the years of dismal interest payments, a new law means that you can now earn up to £1000 in interest tax free! Previously this interest was normally taxed at 20%.
5. The higher rate of Capital Gains Tax has been reduced
In an effort to raise more revenue for the more wealthy in society, the higher rate of Capital Gains Tax (CGT) has been reduced from 28 per cent to 20 per cent and the basic rate from 18 per cent to 10 cent.