Coronavirus Job Retention Scheme (CJRS) - update

Many employers will know that the CJRS has been extended until 30 September 2021.

It may not be so obvious that the cost of keeping staff on the CJRS scheme is gradually increasing, as employers are asked to contribute a greater amount to the minimum 80% pay levels required by the scheme.

• From 1 July 2021, the government will pay 70% of wages up to a maximum cap of £2,187.50 for the hours the employee is on furlough.

Employers will top up employees’ wages to make sure they receive 80% of wages (up to £2,500) in total for the hours the employee is on furlough.

• From 1 August 2021, the government will pay 60% of wages for furlough employees up to £1,875. From 1 July 2021, employers will top up employees’ wages to make sure they receive 80% of wages (up to £2,500).

This information is provided free of charge and in good faith, without acceptance of any future liability arising from any action or in-action by any recipient or reader.Please feel free to share this information as widely as possible and encourage people, who might benefit from these updates, to register at www.asquithand.co.uk for future updates.

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