Ringing in the Furlough Changes
14th August 2020
... Comments

On 1st August the Job Retention Scheme changed so that the Government continued to pay 80% of wages up to a cap of £2,500 for the hours an employee is on Furlough with employers taking over the NIC and pension contributions from the Government

From 1st September it will change again – the government will pay 70% of wages up to a cap of £2,187.50 for the hours the employee is on furlough. Employers will pay ER NICs and pension contributions and top up employees’ wages to ensure they receive 80% of their wages up to a cap of £2,500, for time they are furloughed

There are more changes to come for October – the last month of the Job Retention Scheme (at the moment!)

More
About the Author

Kimberly B

Member since: 31st July 2020

I understand what it’s like to be an internal HR and an external HR consultant which gives me a unique perspective because I understand the people needs but also the commercial drivers of businesses. As...

Popular Categories