The Government’s Coronavirus Job Retention Scheme has been extended and will remain open until the end of October 2020.
- Coronavirus Job Retention Scheme will continue until end of October
- Furloughed workers across UK will continue to receive 80% of their current salary, up to £2,500
- New flexibility will be introduced from August to get employees back to work and boost economy
From the start of August, furloughed workers will be able to return to work part-time with employers being asked to pay a percentage towards the salaries of their furloughed staff.
The employer payments will substitute the contribution the government is currently making, ensuring that staff continue to receive 80% of their salary, up to £2,500 a month.
The scheme will continue in its current form until the end of July and the changes to allow more flexibility will come in from the start of August. More specific details and information around its implementation will be made available by the end of this month.
If you’re feeling overwhelmed, stressed and uncertain where to start with overcoming Covid19, please arrange a call with Sarah so that we can help you get clarity on what you need to do to move your business forward.