Job Retention Bonus
A one-off payment of £1,000 will be made to UK employers for every furloughed employee who remains continuously employed through to the end of January 2021. Employees must earn above the Lower Earnings Limit (£520 per month) on average between the end of the Coronavirus Job Retention Scheme at the end of October 2020 and the end of January 2021. Payments will be made from February 2021.
This bonus will be available to any employer who has furloughed an employee, even if just for the minimum three week period.
For more advice and support about Coronavirus and how it might affect employment or any other pay related issues please get in touch.