Reminder: Changes To Furlough Scheme Next Month

Todays Wills and Probate

21 August 2020

The Coronavirus Job Retention Scheme also known as the furlough scheme will be changing from 1 September 2020

From next month the scheme will only pay 70% of an employees wage, up to a maximum of £2,187.50 per month for the hours they don’t work.

Employers will need to pay the 10% top up to ensure furloughed employees are still receiving 80% of their usual wages. This is capped up to £2,500 per month.

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.

--

For more information on how Advantage365 can help your law firm, please call us on 0121 212 6580 or request a free call-back using our contact form https://www.advantage365.co.uk/contact to get free initial advice. You can also access a wealth of free business information for lawyers by visiting our digital Resource Centre https://www.advantageconsulting.co.uk/resources and view our free Business Factsheets https://www.advantageconsulting.co.uk/factsheets .

Alternatively, please subscribe to our services here https://www.advantage365.co.uk/subscribe-advantage365 or book an online consultation here https://www.advantage365.co.uk/book-online, or email us on info@advantage365.co.uk
https:/www.advantage365.co.uk

© 2020 Advantage365. Created by Advantage Consulting.