The Coronavirus Job Retention Scheme (CJRS) is changing from 1 September:
- CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work.
- Employers in your constituency will 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. Employers in your constituency will need to fund the difference between this and the CJRS grant themselves.
- The caps are proportional to the hours not worked. For example, if the employee is furloughed for half their usual hours in September, the employer is entitled to claim 70% of their usual wages for the hours they do not work up to £1,093.75 (50% of the £2,187.50 cap).
Employers in your constituency will continue to have to pay furloughed employees’ National Insurance (NI) and pension contributions from their own funds.
Further guidance and live webinars offering more support on changes to the scheme and how they impact employers are available to book online.
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