Coronavirus job retention scheme has now launched – but how does it work?

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  • May 28, 2020 at 4:04 pm #3442
    lisaslaw@web
    Keymaster

    If an employee is furloughed, the government will cover up to 80% of the employee’s wage (up to a maximum of £2,500 per month), and then the employer can add the extra 20% if they wish, but they do not have to.

     

    It is a grant, not a loan. This means whatever is granted does not have to be repaid.

     

    The scheme will now run until at least the end of October 2020.

     

    You can read out article on the Coronavirus Job Retnetion Scheme here.

     

    Contact us on 020 7928 0276 or email info@lisaslaw.co.uk for more information.

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