Coronavirus: £5k fine for going on international holiday

A new coronavirus law in England could mean a £5,000 fine for going on an international holiday. Here is what you need to know.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

Road sign indicating essential travel only due to the Covid-19 lockdown

Image source: Getty Images

When investing, your capital is at risk. The value of your investments can go down as well as up and you may get back less than you put in.

Read More

The content of this article is provided for information purposes only and is not intended to be, nor does it constitute, any form of personal advice. Investments in a currency other than sterling are exposed to currency exchange risk. Currency exchange rates are constantly changing, which may affect the value of the investment in sterling terms. You could lose money in sterling even if the stock price rises in the currency of origin. Stocks listed on overseas exchanges may be subject to additional dealing and exchange rate charges, and may have other tax implications, and may not provide the same, or any, regulatory protection as in the UK.

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More.

As a part of new coronavirus laws set to be voted on by MPs, people who leave England for an international holiday risk being fined a whopping £5,000. If passed, the new law will come into force on Monday 29 March.

Here’s what you need to know.

[top_pitch]

What is the new coronavirus fine for international holidays?

International holiday travel was already against the stay-at-home rules, which expire on Monday. The new law now makes it explicit. If passed, travelling out of the country will break a specific law that is backed by a fine.

Anyone who leaves the UK without a valid reason, such as work, education or medical treatment, will face a £5,000 fine. The new fine aims to discourage non-essential travel and protect the country from coronavirus infections imported from abroad.

It comes in the wake of a rise in cases in Europe and a sluggish roll-out of the vaccine. These two events have seriously cast doubt on the viability of summer holidays abroad.

When can I go on an international holiday?

Under the government’s current roadmap out of lockdown, the earliest date that people in England could be able to travel abroad for holidays is 17 May.

However, an announcement on whether people will be able to travel abroad may now be made sooner. A task force that’s looking into the matter will report its findings on 12 April.

But the existing timeline for easing lockdown measures will remain unchanged, according to the BBC. This includes the 12 April date for the reopening of domestic self-catering holidays and the 17 May date for foreign holidays.

The Prime Minister recently stated that it is too early to say whether holidays abroad will be possible. He added that he hoped to provide more information on this on 5 April.

Government ministers have also been warning people not to book summer holidays abroad just yet. 

If foreign holidays are allowed to go ahead this summer, vaccine passports have been suggested as a way to allow people to travel without restrictions. 

A traffic light system is also under consideration by ministers to allow Brits to go on holidays to lower-risk countries.

Under this system, people flying to some countries could be exempt from certain rules, including pre-departure Covid tests and mandatory quarantine when they come back. 

[middle_pitch]

Can I book an international holiday now?

You can book a foreign summer holiday, but keep in mind that there are some risks involved.

Whether or not you’ll actually be able to travel will depend on how events unfold in the coming weeks and months.

Of course, the easiest thing to do if you’re worried about travelling abroad would be to plan a local holiday instead.

How can I protect myself?

If you do decide to book a holiday abroad, be sure to protect yourself.

The first thing you can do is purchase travel insurance. Depending on the type of cover you buy, you may be able to get your money back if your holiday can’t go ahead due to Covid-related issues.

Also, consider booking your holiday as a package. Such holidays come with ATOL-protection. In case of a cancellation, you might be entitled to a full refund.

And lastly, think about picking up a travel credit card to use on your trip. The card’s foreign transaction fees are lower than those of regular credit cards. This can help you stretch your holiday budget a little further at a time when every penny counts.

Should you invest, the value of your investment may rise or fall and your capital is at risk. Before investing, your individual circumstances should be assessed. Consider taking independent financial advice.

More on Personal Finance

Note paper with question mark on orange background
Personal Finance

Should you invest your ISA in a model portfolio?

Which model ISA portfolios offer both high performance and low fees? Hargreaves Lansdown, Interactive Investor and AJ Bell go under…

Read more »

Economic Uncertainty Ahead Sign With Stormy Background
Personal Finance

Is it time to exit emerging markets investments?

Investors may well be sitting on losses from emerging markets funds. Is it worth keeping the faith for a sustained…

Read more »

Personal Finance

Share trading? Three shares with turnaround potential

Share trading has been difficult in 2022, but which companies have turnaround potential? Jo Groves takes a closer look at…

Read more »

Man using credit card and smartphone for purchasing goods online.
Personal Finance

Revealed! Why Gen Z may be the savviest generation when it comes to credit cards

New research reveals that Gen Z may be the most astute when it comes to credit cards. But why? And…

Read more »

Environmental technology concept.
Personal Finance

The 10 best-performing sectors for ISA investors

The best-performing sectors over the past year invested in real assets such as infrastructure, but is this trend set to…

Read more »

Road sign warning of a risk ahead
Personal Finance

Recession risk ‘on the rise’: is it time for investors to worry?

A major global bank has suggested the risk of a recession in the UK is 'on the rise'. So, should…

Read more »

pensive bearded business man sitting on chair looking out of the window
Personal Finance

1 in 4 cutting back on investments amid cost of living crisis

New research shows one in four investors have cut back on their investing contributions to cope with the rising cost…

Read more »

Image of person checking their shares portfolio on mobile phone and computer
Personal Finance

The 10 most popular stocks among UK investors so far this year

As the new tax year kicks off, here's a look at some of the most popular stocks among UK investors…

Read more »