A new job support scheme will open on 01 November 2020 , replacing the current Coronovarius Job Retention Scheme (known as furlough ). The scheme will run for 6 months, until April 2021.
The Job Support Scheme is designed to protect viable jobs in businesses who are facing lower demand over the winter months due to Covid-19, to help keep their employees attached to the workforce.
The Government will pay a third of hours not worked (max 697.92 GBP), with the employer also contributing a third. This will ensure employees earn a minimum of 77% of their normal wages
The grant will not cover Class 1 employer NICs or pension contributions.
Please see the below picture showing how it will work:
Eligibility:
– Employees must be on an employer’s PAYE payroll on or before 23 September 2020. This means a Real Time Information (RTI) submission notifying payment to that employee to HMRC must have been made on or before 23 September 2020,
-employee must work at least 33% of their usual hours.
You will need to confirm hours worked by your employee before processing November payroll at the beginning of December.
Any question please let us know 😉