Furlough Scheme Update
As we reported in September, the Coronavirus Job Retention Scheme (JRS) comes to an end on 31 October. There are no plans to extend the furlough scheme but the new Jobs Support Scheme comes into play in November (see our note on that here).
From 1 October the JRS grant will fall to 60 percent of reference salary, subject to a monthly cap of £1,875.
The employer must fund the difference between the reducing JRS grant and the minimum payments it is required to make to furloughed employees in respect of non-working hours. Employers must also pay employees for all the hours that they work.
Posted on 7 October, 2020 by Ortolan