CJRS and the new JSS
Thursday 1st October 2020
October is the final month of the Government’s furlough scheme, with the CJRS to close on 31 October 2020. The Government’s wage subsidy will reduce to 60% subject to a cap of £1,875 a month, with employers now required to contribute 20% to bring wages up to 80% of salary.
From November, a new Job Support Scheme is introduced, which will run for 6 months. The JSS aims to ensure that those who work for at least 33% of their usual hours will receive at least 77% of their normal wages. However, this will not be the case for everyone, as the Government contribution is capped at £697.92 per month.
Further details on the JSS can be viewed here:
All information in this update is intended for general guidance only and is not intended to be comprehensive, or to provide legal advice.