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REMINDER: FURLOUGH CONTRIBUTIONS TO REDUCE FROM 1ST JULY 2021

By June 17, 2021Uncategorized

The Coronavirus Job Retention Scheme has been extended until 30th September 2021, however like last year, the government plan to reduce the amount of help they will contribute to employers with employees on furlough. From the 1st July the first reduction for this year will come into effect.

Employees will still be entitled to receive 80% of their normal salary/wage to a maximum of £2500 per month  from you whilst they are furloughed, however the government will reduce their contribution towards this, as follows:

 

July

Government contribution towards hours not worked – 70% up to £2187.50

Employer contribution for hours not worked– 10% up to £312.50

 

August

Government contribution towards hours not worked – 60% up to £1875

Employer contribution for hours not worked– 20% up to £625

 

September

Government contribution towards hours not worked – 60% up to £1875

Employer contribution for hours not worked– 20% up to £625

 

Please note, in addition to the above, you can if you wish, continue to top up your employees’ wages above the 80% and the £2500 cap, at your own expense.