Updates to the Furlough Scheme
Updated: Mar 17
It has been confirmed The Coronavirus Job Retention Scheme has been extended until 30th September 2021.
Up to the 30th June 2021, the grant available to employers will remain at its current level, with the Government paying 80% of a furloughed employee's Salary for hours not worked (capped at £2,500).
From 1st July 2021, the Government Contribution percentage will reduce. However, employees must still receive at least 80% of their Salary for hours spent on furlough, with the employer to contribute the difference.
The Contribution Levels are outlined below (Wage caps are proportional to the hours not worked):
The table shows Government contribution, required employer contribution and amount employee receives where the employee is furloughed 100% of the time.
For more information, including how to calculate your claim and much more, you can always contact us, or go to the HMRC website.