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Self employed retirement options. The coronavirus job retention scheme has been extended for a month with employees receiving 80 of their current salary for hours not worked and further economic support announced. The governments furlough scheme was set to come to an end on may 31. The coronavirus job retention scheme cjrs better known as the furlough scheme will be extended for another month following the announcement of a new national lockdown.
The move comes after the government continually resisted pressure to extend the furlough scheme which pays 80 of wages up to 2500 a month and was originally supposed to end in october. The furlough scheme is being extended. Between march and july the government paid for 80 of furloughed workers wages up to 2500 a month and it also covered employers national insurance ni and.
Furlough period extended until the end of june 2020 the chancellor has today confirmed that the furlough scheme will now extend to the end of june 2020. The scheme announced last month as part of a package of measures to support business the scheme was originally set to run from the 1st of march until the end of may. Have a set period for the extension rather than doing it indefinitely and then review again towards the end.
It means employees for businesses due to the lockdown will get up to 80 of wages paid for hours not worked up to a maximum of 2500. With the extension of the coronavirus lockdown measures on thursday it is the right decision to extend the furlough scheme for a month to the end of june to provide clarity. With the extension of the coronavirus lockdown measures yesterday it is the right decision to extend the furlough scheme for a month to the end of june to provide clarity.
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