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02 Sep CORONAVIRUS JOB RETENTION SCHEME - A REMINDER

 

Employers who are still using the scheme are reminded that the Coronavirus Job Retention Scheme is due to end as of the 30th September 2021. However, the cost to employers of using the scheme will increase before then.

Up until the 30th June 2021 the Government are subsidising 80% of a furloughed employee's wages up to a cap of £2,500. The required employer contribution is limited to their National Insurance contributions, taxation and the employer pension contributions.

However, from the 1st July 2021 the Government will reduce its contribution to 70% of the furloughed employee's wage and then from the 1st August 2021 it reduces further to 60%. Even though the Government's contribution is reducing, the employer must pay the employee at least 80% of their wages (subject to the cap of £2,500 per month).

If you need help with planning for the end of the furlough scheme contact your BRIDGE advisor directly or call 01904 360 295 or email enquiries@bridgeehr.co.uk 

 

Claire

 

Posted by Claire Horsfield

Claire is an experienced employment lawyer, training legal executive with extensive previous HR experience too. She has particular experience in discrimination, harassment and whistleblowing tribunal claims and leading internal dispute management in various sectors (including healthcare, veterinary, charitable services sector, and engineering clients). KEY AREAS OF WORK Claire is brilliant at getting things done and thankfully she also supports the head of the team as Practice Director, helping develop our growing practice and business too. Prior to starting her legal career, Claire was a specialist in HR advice for over 10 years, she now frequently helps clients with all day to day employment law issues, such as disciplinary and grievances, employee performance management and engagement and all things from recruitment to dismissal too – more recently Claire has been undertaking work defending and bringing claims at the Employment Tribunal. Her credentials include, Affiliate Member of the Chartered Institute of Legal Executives (CILEX) and a Chartered Member of the Chartered Institute of Personnel and Development (CIPD). Claire is brilliant at getting things done and thankfully she also supports the head of the team as Practice Director, helping develop our growing practice and business too.

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