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COVID-19 Job Retention, Job Support & Bonus Scheme

COVID-19 Job Retention, Job Support & Bonus Scheme

COVID-19 Job Retention Scheme

The 30 November 2020 is the last day you can submit Covid-19 Job Retention Scheme claims for periods ending on or before 31 October 2020. After this date you will not be able to submit any further claims or add to existing claims.

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COVID-19 Job Support Scheme (JSS)

The JSS will open on 1 November 2020 and run for 6 months.
The company will continue to pay its employee for time worked, but the cost of hours not worked will be split between the employer, the Government (through wage support) and the employee (through a wage reduction), and the employee will keep their job.

The Government will pay a third of hours not worked up to a cap, with the employer also contributing a third. This will ensure employees earn a minimum of 77% of their normal wages, where the Government contribution has not been capped.
Employers using the Job Support Scheme will also be able to claim the Job Retention Bonus if they meet the eligibility criteria.

More here

If your business is eligible for the Job Retention Bonus (JRB) you will be able to claim it between 15 February 2021 and 31 March 2021.

 

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