Extension of Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme which was originally scheduled to finish at the end of June 2020 has now been extended until the end of October 2020. There will now be at least two phases:
- Until 31st July 2020 furloughed workers will continue to receive 80% of their current salary, up to £2,500 but must not work for the employer.
- As from 1 August 2020 to 31 October 2020 the scheme will become more flexible. Employees will continue to receive 80% of their salary subject to the cap, but employers will then need to share the burden of paying salaries with the Government. Employees will be able to work part-time during this phase. The percentage division of the grant between the government and employers during this second phase has not yet been confirmed.
Further details will be published by the end of May 2020, and current full details regarding this scheme can be found via the following link;
If you need guidance please do not hesitate to contact Atom HR for an initial free discussion.