As we approach 1st July, we would like to take this opportunity to remind clients of the changes to the contributions for the Coronavirus Job Retention Scheme:
MAY | JUNE | JULY | AUGUST | SEPTEMBER | |
Government contribution for hours not worked | 80% up to £2,500 | 80% up to £2,500 | 70% up to
£2,187.50 |
60% up to
£1,875 |
60% up to £1,875 |
Employer contribution: employer NI contributions and pension contributions | |||||
Employer contribution for hours not worked | N/A | N/A | 10% up to £312.50 | 20% up to £625 | 20% up to £625 |
For hours not worked, the employee is to receive 80% up to £2,500 per month |
Employers continue to be fully responsible for payment of any hours worked by the employee.