PIB Risk Management: Changes to the Coronavirus Job Retention Scheme

Important reminder – changes to the Coronavirus Job Retention Scheme (CJRS) from July 2021. The UK Government will continue to pay 80% of your furloughed employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, to the end of June.

Melissa Archer All Blog, Feature Stories, Insurer news, News, PIB RM
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The UK Government will continue to pay 80% of your furloughed employees’ usual wages for the hours not worked, up to a cap of £2,500 per month, to the end of June.

In July, CJRS grants will cover 70% of employees' usual wages for the hours not worked, up to a cap of £2,187.50. In August and September, this will then reduce to 60% of employees’ usual wages up to a cap of £1,875.

You will need to pay the 10% difference in July, and 20% in August and September, so that you continue to pay . . .

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