On 12 June 2020, the Government published further guidance on changes to the Coronavirus Job Retention Scheme (CJRS), which come into effect from July 2020.
Included in the new guidance is a monthly breakdown of contributions. This applies when an employee is furloughed 100% of the time.
|July 2020||August 2020||September 2020||October 2020|
|Government contribution (wages)||80% up to £2,500||80% up to £2,500||70% up to £2,187.50||60% up to £1,875|
|Government contribution (employer NICs and pension contributions)||Yes||No||No||No|
|Employer contribution (wages)||n/a||n/a||10% up to £312.50||20% up to £625|
|Employer contribution (employer NICs and pension contributions)||No||Yes||Yes||Yes|
|Employee receives||80% up to £2,500 per month||80% up to £2,500 per month||80% up to £2,500 per month||80% up to £2,500 per month|
The Government’s updated furlough scheme guidance can be found here.
If you have any questions regarding the furlough scheme, please contact our Partner Andrew Noton (email@example.com) or your usual Lubbock Fine contact.