CJRS extended to September

The Coronavirus Job Retention Scheme (CJRS), due to end in April, has been extended until the end of September.

Currently, under the CJRS, you can claim 80% of a furloughed employee’s salary up to the cap of £2,500 per month.

Your only cost is employers NI and pension contributions. However, from July onwards, the scheme will have some changes as follows:

• From July, you will have to contribute 10% of furlough pay. This means that you will be able to claim 70% of furlough pay but will have to pay your employee 80%.
• From August, this contribution increases to 20%. This means that you will be able to claim 60% of furlough pay and you must contribute 20% so your employee receives the 80% minimum.