Coronavirus Job Retention Scheme – reminder of key dates

If you are planning to make a Coronavirus Job Retention Scheme claim for the period ending on before 30 June, make sure it’s completed by 31 July, as this is the last date to make those claims.

You must have made a claim prior to 31 July, to be able to make a claim for future months.

From 1 August the Job Retention Scheme will no longer fund employers’ National Insurance and pension contributions, for furloughed employees.  These payments will need to be made by employers.

Beginning on 1 September, employers will have to start contributing to the wages of furloughed employees.  In September, grants will be 70% of usual wages and in October, it will reduce to 60%, but furloughed employees will continue to be entitled to receive at least 80% of their usual wages.  The difference will have to be paid by employers.

 

Job Retention Scheme Bonus

The Chancellor recently announced a one-off payment of £1,000 to all employers who have claimed under the Job Retention Scheme for each furloughed employee who they keep in continuous employment until at least 31 January, as part of the government’s Plan for Jobs.

We are expecting further details of the bonus scheme on 31 July, and will of course, keep you updated.

 

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