{"id":2697,"date":"2020-09-30T00:40:00","date_gmt":"2020-09-30T00:40:00","guid":{"rendered":"https:\/\/www.nannyjob.co.uk\/blog\/?p=2697"},"modified":"2020-09-30T00:40:00","modified_gmt":"2020-09-30T00:40:00","slug":"winter-economy-plan","status":"publish","type":"post","link":"https:\/\/www.nannyjob.co.uk\/blog\/winter-economy-plan\/","title":{"rendered":"Winter Economy Plan"},"content":{"rendered":"\n

Our partners at\u00a0www.PayrollForNannies.co.uk<\/a>\u00a0\u00a0provide payroll advice for parents and nannies and have provided this content. For more advice and support please get in touch with them.<\/p>\n\n\n\n

In an unprecedented move, the government has cancelled the Autumn Budget which had been tipped to include substantial tax increases for the affluent in favour of announcing a raft of measures to support jobs this winter in the wake of a double blow from COVID-19 and Brexit.<\/p>\n\n\n\n

Chancellor of the Exchequer Rishi Sunak announced today his Winter Economy Plan, which seems to have been inspired by similar programs in other European countries.<\/p>\n\n\n\n

The current Coronavirus Job Retention Scheme (CJRS) will be replaced with a new Job Support Scheme (JSS)<\/strong><\/p>\n\n\n\n

The JSS is intended to \u2018directly support\u2019 wages of staff working at least a third of their regular hours after the CJRS scheme ends as planned at the end of October.  It will start in November 2020 and end in April 2021.<\/p>\n\n\n\n

Employers will pay their staff normally for hours they work. Then, they will be paid two-thirds of their pay for the remaining hours (with the employer and the government paying one-third each). So people will still see lower take-home pay \u2013 we have prepared the table below.<\/p>\n\n\n\n





Normal Hours<\/u><\/strong>
<\/td>		<\/td>



JSS Hours<\/u><\/strong>
<\/td>		<\/td>



Take home percentage of contracted hours<\/u><\/strong>
<\/td>		<\/td><\/tr>
<\/td><\/tr>




33%
<\/td>		<\/td>



67%
<\/td>		<\/td>



77%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




35%
<\/td>		<\/td>



65%
<\/td>		<\/td>



78%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




40%
<\/td>		<\/td>



60%
<\/td>		<\/td>



80%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




45%
<\/td>		<\/td>



55%
<\/td>		<\/td>



81%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




50%
<\/td>		<\/td>



50%
<\/td>		<\/td>



83%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




55%
<\/td>		<\/td>



45%
<\/td>		<\/td>



85%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




60%
<\/td>		<\/td>



40%
<\/td>		<\/td>



86%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




65%
<\/td>		<\/td>



35%
<\/td>		<\/td>



88%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




70%
<\/td>		<\/td>



30%
<\/td>		<\/td>



90%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




75%
<\/td>		<\/td>



25%
<\/td>		<\/td>



92%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




80%
<\/td>		<\/td>



20%
<\/td>		<\/td>



93%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




85%
<\/td>		<\/td>



15%
<\/td>		<\/td>



95%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




90%
<\/td>		<\/td>



10%
<\/td>		<\/td>



97%
<\/td>		<\/td><\/tr>
<\/td><\/tr>




95%
<\/td>		<\/td>



5%
<\/td>		<\/td>



98%
<\/td>		<\/td><\/tr>
<\/td><\/tr>
<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

The level of grant will be calculated based on employee\u2019s usual salary, capped at \u00a3697.92 per month. The employer will be reimbursed in arrears for the government contribution. The relevant employee(s) must not be on a redundancy notice.<\/p>\n\n\n\n

The JSS is intended to protect viable jobs over next six months after the furlough scheme ends in October.<\/p>\n\n\n\n

All small and medium-sized firms with a UK PAYE scheme and UK bank account are eligible \u2013 but large firms are only eligible if their turnover has fallen in the pandemic and can document this..  The JSS is open to firms who have not used CJRS.<\/p>\n\n\n\n

It is designed to sit alongside the Jobs Retention Bonus and businesses can benefit from both schemes in order to help protect jobs.<\/p>\n\n\n\n

The Job Retention Bonus is a one-off payment to employers of \u00a31,000 for every employee who they previously claimed for under the scheme, and who remains continuously employed through to 31 January 2021. Eligible employees must earn at least \u00a3520 a month on average between the 1 November 2020 and 31 January 2021. Employers will be able to claim the Job Retention Bonus after they have filed PAYE for January and payments will be made to employers from February 2021.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Our partners at슠www.PayrollForNannies.co.uk슠슠provide payroll advice for parents and nannies and have provided this content. For more advice and support please get in touch with them. In an unprecedented move, the government has cancelled the Autumn Budget which had been tipped to include substantial tax increases for the affluent in favour of announcing a raft of … Continue reading “Winter Economy Plan”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":2690,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2697","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/comments?post=2697"}],"version-history":[{"count":0,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/posts\/2697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/media\/2690"}],"wp:attachment":[{"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/media?parent=2697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/categories?post=2697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nannyjob.co.uk\/blog\/wp-json\/wp\/v2\/tags?post=2697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}