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:
- Until 30 June 2021, the government will continue to pay 80% of the furloughed employees’ wages for the hours not worked.
- 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.
- 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.