FURLOUGH SCHEME EXTENDED!
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The CJRS has been extended for a further 4 months, up to 31st October 2020. From 1st August 2020, the CJRS will become increasingly flexible and part-time furloughing will be permitted. Employers will also have to share the costs.
There are a few finer details to be announce in the coming weeks however below we have listed the top line points from the recently updated government website:
- The 10thJune 2020 will be the last day that employers can place employees on furlough.
- From 1stJuly, ‘flexible furlough’ is being introduced. This means employees will be able to work part-time and be furloughed part-time. Businesses will decide how that will work.
- From 1stAugust, employers will be required to pay employee’s national insurance contributions and pension contributions. These can no longer be reclaimed through the CJRS.
- From 1stSeptember, the government will only reimburse 70% of employees salary (up to a maximum of £2,190). Employers are required to top-up employees pay to 80%(or more, depending on what the employer agreed with the employee).
- From 1stOctober, the government will only reimburse 60% of employees salary (up to a maximum of £1,875), and employers will be required to continue to top up to 80% (or more).
- The furlough scheme will close on 31stOctober 2020.
Find out more here.