As the leaves fall in the autumn so the furlough scheme will unwind, shown below are the key dates over the next few months until October 31st when the scheme ends. I have also shown the outline of the government’s announcement on post furlough actions

1st September 2020
The Government will pay 70% of wages for those on
furlough, up to £2190 per month. Employers will pay
National Insurance and pension contributions, plus 10%
of furlough wages to make up 80% of the total, up to
the usual cap of £2500 per month.

1st October 2020
The Government will pay 60% of wages for those on
furlough, up to £1875 per month. Employers will pay
National Insurance and pension contributions, plus 20%
of furlough wages to make up 80% of the total, up to
the usual cap of £2500 per month

31st October 2020
This is the end date of the CJRS, and the last date for
which the Government will contribute to the wages of
furloughed workers.

Autumn 2020
Full guidance on the Job Retention Bonus Scheme
is expected to be published

1st November 2020 -31st January 2021
This is the relevant period for eligibility for the newly
announced Job Retention Bonus Scheme introduced
by the Chancellor in his mini-Budget on 8th July 2020.
For each previously furloughed employee who remains
continuously employed during this 3-month period,
employers will be able to claim a one-off £1000 bonus
payment. Those employees will need to earn at least
£520 per month on average for each of those 3 months.

February 2021
Employers will be able to claim the Job Retention
Bonus. Accurate RTI data to 31st January 2021 will have
to be provided by employers for their claims to be
successful.

Please note the details attached to the post October 31st proposals have still to be published. .For help and advice in planning your furlough exit and post furlough actions please contact me at www.ukemploymentlawadvice.co.uk/contact

M.Newman

NewmanHR