Update on the Coronavirus Job Retention Scheme 19/08/2020
There are changes happening to the CJRS as from 1 September 2020. As from that date, CJRS will pay 70% of normal wages up to a cap of £2,187.50 per month for the hours which furloughed employees do not work. Members still need to pay their furloughed employees at least 80% of their usual wages for the hours they do not work up to a cap of £2,500 per month, so you will need to top up the difference between this and the CJRS grant.
Please note that the caps are proportional to the hours not worked. For example, if your employee is furloughed for 25% of their usual hours in September you are entitled to claim 70% of the usual wages for the hours they do not work up to £546.88 (25% of the £2,187.50 cap). Members also have to fund furloughed employees national insurance contributions and pension contributions themselves.
As always, if you have any questions you can contact the team on 0141 221 3181 – thank you.