Furlough scheme running until 30 September 20213 March 2021
In today’s budget the Chancellor announced that the Coronavirus Job Retention Scheme (CJRS) or furlough scheme will be extended until 30 September 2021.
The government contribution under the CJRS will stay at the current rate until the end of June 2021. As a reminder, the CJRS provides 80% of an employee’s usual salary for hours not worked, up to a maximum of £2,500 per month. Then, from 1 July 2021, employers will be expected to cover 10% of wages, and, from 1 August 2021, employers will cover 20% of wages.
Concurrently the Self-Employment Income Support Scheme (SEISS) has also been extended to cover a fourth (February to April 2021) and fifth (May to September 2021) grant. The government is widening access to such grants, resulting in cover for around 600,000 more self-employed people.
If you have any questions concerning the CJRS or its implementation, then please contact our team.