01-04-17- HINH TONG HOP SAT
The new laws that come into force on 1 April
The new legislation covers a number of areas
including pensions, employment and TV licences.
These are the changes that could affect you:
National Living Wage
The National Wage for workers aged over 25 is
increasing from £7.20 to £7.50 per hour.
There will also be an increase from 18-20 year-olds
and 21-14 year-olds, increasing to £5.60 and £7.05 respectively.
Pre-payment meter cap
OFGEM is
introducing a limit to the amount of money energy suppliers can charge a
domestic prepayment meter customer. The cap will be updated in April and
October each year until 2020.
Most councils will increase
council tax (PA Images)Council tax rise
Almost all councils are increasing the rate by 5%.
Statutory family-related pay
The rate for maternity, paternity shared parental
and adoption pay is increasing to £140.98 per week.
Statutory sick pay
The rate for statutory sick pay is increasing to
£89.35 per week.
Tax-free childcare
A new £2,000 tax-free childcare scheme is being
introduced, which will mean that the government contributes 20p for every 80p
that parents spend on care costs, up to a maximum of £2,000 a year per child
aged under 12.
This rises to £4,000 for a child with a disability
under 17.
Redundancy pay
Statutory redundancy pay rates are increasing to
£489 per week.
This applies to employees with two years’ service
and is based on pay and length of employment.
Water bills
Water bills will be increasing by an average of 2%.
Prescription charges
The charge for a prescription will be going up by
20p.
TV licence
The price of a TV licence is going up to £147.
Housing benefit
Housing benefits for 18-21 year-olds will be
scrapped entirely.
Employment support allowance
New claimants for employment support allowance will
now receive a lower rate of £73 per week.
Road tax
Only 100% electric cars will now be exempt from
road tax, with some low-emission cars being removed from the exemption bracket.
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