15
Jun
2020
Updated Guidance released for the #jobretentionscheme
Check out the updated guidance for how the Flexible Furlough Scheme will work from 1 July 2020.
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Coronavirus Job Retention Scheme - key changes and dates
Rishi Sunak announced on Friday 29 May 2020 reforms to the Coronavirus Job Retention Scheme - the headline points announced at the press conference are as follows (further details awaited and will not be published by the Government until 12 June):
- 10 June 2020 - will be the last day that employers can place employees on furlough.
- 1 July 'flexible furlough' will be introduced. This means employees will be able to work part-time and be furloughed part-time. Businesses will have to decide how that will work in terms of the time split.
- 1 August, employers will have to pay employee's national insurance contributions and pension contributions, as they can no longer reclaim them through the CJRS.
- 1 September, the government will only reimburse 70% of salary (up to a maximum of £2,190). Employers will be required to top-up to 80%*
- 1 October, the government will only reimburse 60% of salary (up to a maximum of £1,875), employers will continue having to top up to 80%*
- The Furlough scheme will close on 31 October 2020.
*or more, depending on what the employer agreed with the employee.
For help or guidance on Employment Law Matters, please speak to Emma-Louise Hewitt 0808 166 8860 e.hewitt@sydneymitchell.co.uk
#furlough #employmentlaw #legalupdate #furloughscheme #cjrs #employers #employee
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