Coronavirus Job Retention Scheme

The Coronavirus Job Retention Scheme forms part of a collective national effort to protect people’s jobs in the UK. The scheme is designed to help employers whose operations have been severely affected by coronavirus to retain their employees and protect the UK economy.

Here are some key dates that employers and business owners need to be aware of:

10 June: last day an employer can put an employee onto furlough for the first time

30 June: closure of the scheme to employers who have not already claimed

1 July: employers given flexibility to bring employees back to work part-time whilst accessing CJRS for any of their normal hours not worked, starting so called ‘flexible furloughing’

31 July: end of current CJRS funding level (80% of salary up to £2,500 per month, plus employer NICs and auto enrolment pension contributions funded)

1 August onwards: CJRS funding remains at 80% of salary/£2,500 per month but employers will be required to pick up the costs of the NICs and auto enrolment pension contributions

1 September onwards: CJRS funding reduces to 70% of salary/£2,187.50 per month. As well as NICs and pension contributions, employers will be required to pick up 10% of salary costs

1 October onwards: CJRS funding reduces to 60% of salary/£1,875 per month. Employers will be required to pick up NICs, pension contributions and 20% of salary costs

31 October: end of CJRS scheme

Click here for more advice and help relating to coronavirus.