For claim periods running to 31 January 2021, the UK Government will pay 80% of employees’ usual wages for hours not worked, up to a cap of £2,500 per month. The UK Government will review the policy in January to decide whether economic circumstances are improving enough to ask employers to contribute more.
It was also confirmed that the Job Retention Bonus will no longer be paid in February 2021, as Coronavirus Job Retention Scheme will be available at that time. An alternative retention incentive will be put in place at the appropriate time.
If you intend to claim under the Coronavirus Job Retention Scheme, please look at information published today on how you can check if you’re eligible to claim, and what you need to agree with your employees.
You can find this on GOV.UK by searching ‘Extension to the Coronavirus Job Retention Scheme’.
This latest information applies for CJRS claim periods from 1 November 2020. The final date for claims for the period up to 31 October is still 30 November 2020.
The full guidance for claims from November onwards, including more information on how to calculate a claim, will be published on GOV.UK on Tuesday 10 November.
If you have any questions contact us today and speak to one of our friendly and experienced members of staff.