It was announced in the budget on 3rd March 2021 that the Coronavirus Job Retention Scheme will be extended to 30th September 2021.
Employers can claim 80% of ‘usual salary’ for hours not worked up to a maximum of £2,500 per month. Employers must continue to pay employer National Insurance and employer pension contributions.
Similar to last year, the percentage you can claim of ‘usual salary’ will reduce from 1st July 2021 to 70% of furloughed wages up to a maximum of £2,187.50. Employers must top up the remaining 10%.
For August and September 2021 you can claim 60% of furloughed wages up to a maximum of £1,875. Employers must top up the remaining 20%.
If you would like to speak to someone about the Coronavirus Job Retention Scheme, please reach out to your usual Whiting & Partners contact.