Earlier this year, the Government extended the Coronavirus Job Retention Scheme for furloughed workers until 30 September 2021.
Below is a summary of how the scheme will work from 1 July 2021.
From 1 July 2021, the level of grant from the Government will be reduced to 70% and the employer will be asked to contribute 10% towards the cost of furloughed employees’ wages.
The maximum grant for this period is £2187.50 per month.
You can continue to choose to top up your employees’ wages above the 80% total for the hours not worked at your own expense.
Changes from 1st August
For the last two months of the scheme, the grant will reduce to 60% with the employer contributing 20% to the employees wages.
The maximum grant for this period will be £1875.00 per month.
If you bring an employee back part-time, your claim will need to show how many hours the employee would normally work, as well as the number of hours actually worked.
If you have any questions regarding the Coronavirus Job Retention Scheme, please do not hesitate to contact us.