On Thursday 5 November the Government announced that the Coronavirus Job Retention Scheme is to be extended until the end of March 2021 for all parts of the UK, with workers continuing to receive 80% of their wages, up to a maximum of £2,500 per month. There will be no employer contribution to wages for hours not worked.
The Government will be issuing detailed guidance on 10 November – including information on how to claim. Claims can be made from 8am Wednesday 11 November.
It was also announced that the Self-Employment Income Support Scheme is to be extended with two further grants, each available for three-month periods covering November 2020 to January 2021 and February 2021 to April 2021. This extension will also apply to all parts of the UK.
The online service for the next grant will be available from 30 November. The NFSP will provide details about claiming and applications when they become available.
The NFSP will be holding a web event later this month with HR-specialists HR:4UK, where you will have the chance to receive expert advice on the furlough scheme and any other employment issues. More detail will be provided in due course.
You can access the Treasury’s comprehensive summary of the financial support currently available to people and businesses across the UK by clicking HERE.