EXTENSION OF THE JOB RETENTION SCHEME

Following the Chancellor’s announcement yesterday, the Job Retention Scheme has been extended until 30 September 2021.

From 1 July 2021 the scheme will begin to wind down, the different stages of the winding down process of the scheme are as follows:

  1. Until 30 June 2021, the government will continue to pay 80% of the furloughed employees’ wages for the hours not worked.
  2. From 1 July 2021, the government will pay 70% of the furloughed employees’ wages for the hours not worked, with employers required to make up the additional 10% of wages.
  3. From 1 August 2021, the government will pay 60% of the furloughed employees’ wages for the hours not worked, with employers required to make up the additional 20% of wages.

Throughout all the changes to the scheme, the employees whilst furloughed, will continue to be entitled to 80% of their wages.

As under the current JRS, flexible furloughing will be allowed in addition to full-time furloughing.

Please do not hesitate to contact us if you have any queries with regards to the Job Retention Scheme.