Coronavirus Job Retention Scheme Extension Continued....
It has been confirmed in the budget an extension to the Coronavirus Job Retention Scheme to the end of September 2021.
Coronavirus Job Retention Scheme will continued to be paid at 80% of employees usual hours that are not worked up to the end of June 2021 with a cap of up to £2,500.00 per employee per month. This will be then be reduced to 70% with a cap of up to £2187.50 per employee for the period of July, and 60% for the periods of August and September with a cap of up to £1875.00. The employer will need to make sure they top up the difference to make sure the employee receives 80% of their usual wages for the hours not worked. Employers are able to top up wages above 80%, but is not required to do so.
All Employer National Insurance and pension contributions must be paid by the Employer.
For more information on CJRS extension please visit -: Changes to the Coronavirus Job Retention Scheme - GOV.UK (www.gov.uk)