Key Dates for the Covid Job Retention Scheme
10th June 2020
The last date employers can furlough an employee for the first time. The furlough leave period must last at least 3 weeks.
12th June 2020
The Government will publish more details about so called ‘flexible furlough’ scheme.
30th June 2020
Furlough scheme closes to new entrants.
1st July 2020
‘Flexible furlough’ comes into force. What we know now:
• Employers can agree any working arrangement with a previously-furloughed employee
• Employers will need to report and claim for a minimum period of a week
• The maximum number of employees an employer can claim for in any claim period after this date cannot exceed the number they have claimed for in any previous claim.
1st August 2020
Tapering of the furlough grant begins. The scheme provides employees will continue to receive 80% of their wages, but:
• Employers will begin to pay Employer’s National Insurance Contributions (NIC) and Pension Contributions for Furloughed employees.
1st September 2020
Tapering continues: Employees will continue to receive 80% of their wages. Employers will contribute 10% (plus Employer’s NIC and pension contributions). The Government grant will cover 70% of the employees’ wages.
1st October 2020
Tapering continues: Employees will continue to receive 80% of their wages. Employers will contribute 20% (plus Employer’s NIC and pension contributions). The Government grant will cover 60% of the employees’ wages.
31st October 2020
The furlough scheme ends.