Thursday, 27 August 2020

CJRS Update

The Coronavirus Job Retention Scheme (CJRS) grant claim changes again 1st September. Please talk to us if you would like us to help estimate your claim.

- From 1 September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work.

- You will still need to pay your furloughed employees at least 80% of their usual wages for the hours they do not work, up to a cap of £2,500 per month. You will need to fund the difference between this and the CJRS grant yourself.

- The caps are proportional to the hours not worked. For example, if your employee is furloughed for half their usual hours in September, you are entitled to claim 70% of their usual wages for the hours they do not work up to £1,093.75 (50% of the £2,187.50 cap).

- You will continue to have to pay furloughed employees’ National Insurance (NI) and pension contributions from your own funds.

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