COVID-19 - Government extends Furlough to March 2021

Added 10 November 2020

 


Coronavirus Job Retention Scheme

Extended until the end of March 2021

 


The Chancellor has announced that CJRS will be extended until the end of March 2021 for all parts of the UK.  For claim periods running to 31 January 2021, the UK Government will pay 80% of employees’ usual wages for hours not worked, up to a cap of £2,500 per month.  The UK Government will review the policy in January to decide whether economic circumstances are improving enough to ask employers to contribute more.

It was also confirmed that the Job Retention Bonus will no longer be paid in February 2021, as CJRS will be available at that time.  An alternative retention incentive will be put in place at the appropriate time.

We will update all our clients on the eligibility criteria after 11 November, when details are expected of how the scheme will be run.

If we processed your previous claims rest assured we will be updating our systems for the extended scheme and we will be able to estimate your claims under the new scheme shortly.


Take care, stay safe.

#TeamWaltons