Furlough extended to March

Yesterday Chancellor Rishi Sunak extended the furlough period to to the end of March

Written by Mark Naish

Posted 06.11.2020 | Business

Furlough extended to March thumbnail
Chancellor Rishi Sunak confirmed that he would extend the furlough scheme until the end of March. As we understand it this is much the same to the furlough scheme at the start of the first lockdown in that the government will pay 80% of staff salaries on the scheme, however unlike then you can have staff work on a part-time basis, but you will be required to pay staff for the days worked. Please see below for details from the government website:

JOB RETENTION SCHEME
• This extended Job Retention Scheme will operate as the previous scheme did, with businesses being paid upfront to cover wages costs. There will be a short period when we need to change the legal terms of the scheme and update the system and businesses will be paid in arrears for that period.
• The CJRS is being extended until December. The level of the grant will mirror levels available under the CJRS in August, so the government will pay 80% of wages up to a cap of £2,500 and employers will pay employer National Insurance Contributions (NICs) and pension contributions only for the hours the employee does not work.
• As under the current CJRS, flexible furloughing will be allowed in addition to full-time furloughing.
• Further details, including how to claim this extended support through an updated claims service, will be provided shortly.
• The Job Support Scheme will be introduced following the end of the CJRS.

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