October will see a major change in the way the UK deals with some aspects of the coronavirus pandemic with a series of significant rules changes.
At the same time, other long-planned changes to UK legislation will come into force.
October will be a turning point for the UK response with a series of changes to the furlough rules, a deadline for admitting fraud, a new £5,000 grant scheme and a major change to the pension rules for everyone, reports BirminghamLive.
Here are eight changes in UK legislation coming into force in October.
Furlough change on October 1
From October 1 those who are on furlough will see the Governent contribution to their pay cut to 60 per cent.
If you are on furlough your actual pay may not change – as your employer has to top it up to at least 80 per cent.
The Government says: “For October, the government will pay 60% of wages up to a cap of £1,875 for the hours the employee is on furlough.
“Employers will pay ER NICs and pension contributions and top up employees’ wages to ensure they receive 80% of their wages up to a cap of £2,500, for time they are furloughed”
Furlough change on October 31
The Jobs Protection Scheme will end on October 31 – meaning those being paid to stay home will instead be paid to go to work for at least a third of their normal hours under the new Jobs Support Scheme.
So long as you work at least a third of your hours – and your company pays you for that – the Government will pay the other two-thirds of your salary.
A similar scheme is being introduced for the self-employed.
If you have accidentally claimed too much in furlough payments, you have until October 20 – or 90 days after the payment was made – to admit your istake or face penalties and prosecution.
If you have overclaimed a CJRS grant and have not repaid it, you need to tell HMRC this within the “notification period”. This ends on (and is the later of)
- 90 days after the relevant grant was received (if this was in excess of the correct amount);
- 90 days after the date circumstances changed so that you were no longer entitled to the CJRS grant; or
- on 20 October 2020.
Insurers extend pledges to support policyholders
Pledges made by members of the Association of British Insurers to support policyholders during the pandemic have been extended to October 31, 2020.
The commitments include waiving any requirements to extend cover for key workers who may need to drive to different locations, people who want to help their communities by transporting medicines or groceries to support those affected by coronavirus and, those who need to use their car to drive to different locations for work because of the pandemic.
Policyholders do not need to contact their insurer to update their documents or extend their cover.
Finance payment changes
A series of temporary measures to help drivers who were struggling to keep up with car finance payments have been extended.
Insurers are expected to offer flexibility on payments including payment deferrals of up to three months and waive fees for cancellation or any amendments, such as reducing annual mileage for car insurance, under the changes.
These temporary measures have been extended for a further three months, until October 31, 2020.
£500 payments for self-isolating
The Test and Trace Support Payment will be available to four million people in England who will be eligible.
It can be claimed by people who are both on benefits, and in work.
The payments will be available to anyone who starts to self-isolate from September 28 onwards. Payments will come, backdated, from October.
State pension age
From October you’ll need to be at least 66 to get a state pension – whatever your gender.
The age people can at has been rising for years – starting with increasing women’s state pension age until it matched men’s, then increasing both from 65 to 66.
AJ Bell analyst Tom Selby said: “The rise started incrementally in 2018 and is scheduled to complete by October 2020. That means anyone born after 5 October 1954 will have a state pension age of at least 66.”
It’s not the last time it will rise though.
“The Conservatives have set out plans to increase the state pension age again to 67 by 2028 and 68 by 2039,” Selby added.
Green home grants
From October, homeowners will be able to apply for a Government grant to make their homes more energy efficient.
The grant will aim to cover at least two thirds of the cost of improvement, up to £5,000 per household, but some low income households will be able to get the entire cost covered, up to £10,000.
You need to also be installing insulation or low carbon heating at the same time to be eligible, however, and the vouchers can not be used to replace what is already in the property.
You can capitalise and get improvements on everything from double or triple glazing to energy efficient heating controls, and even insulation.
Full details of the scheme are available on the Government website.
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