Category: COVID-19
New Job Support Scheme
A new Job Support Scheme will be introduced from 1 November to protect jobs where businesses are facing lower demand over the winter months due to coronavirus (COVID-19). Under the scheme, which will run for six months, the government will contribute towards the wages of employees who are working fewer than normal hours due to decreased demand. Employers Read more about New Job Support Scheme[…]
Extending loans
The Government announced that those that took out ‘Bounce Back Loans’ will now be able to pay back over ten years rather than six. There will also be the option to have interest-only periods of up to six months and payment holidays. For those that accessed the Coronavirus Business Interruption Loan Scheme, lenders will be Read more about Extending loans[…]
Self Employment Income Support Scheme extended
The government is continuing its support for millions of self-employed individuals by extending the Self-Employment Income Support Scheme (SEISS) grant. Self-employed individuals and members of partnerships who are eligible for the Self-Employment Income Support Scheme and are actively continuing trading but are experiencing reduced demand due to coronavirus (COVID-19), will be eligible for a further Read more about Self Employment Income Support Scheme extended[…]
£500 self isolation payments for lower income employees
From today, 28 September, individuals will be required by law to self-isolate, supported by payment of £500 for those on lower incomes who cannot work from home and have lost income as a result. Just under four million people who are in receipt of benefits in England will be eligible for this money. Local authorities Read more about £500 self isolation payments for lower income employees[…]
Coronavirus Job Retention Scheme – changes from 1 October
From 1 October, HMRC will pay 60% of usual wages up to a cap of £1,875 per month for the hours furloughed employees do not work. Employers will continue to pay furloughed employees at least 80% of their usual wages for the hours they do not work, up to a cap of £2,500 per month. Employers will need to fund the difference between this and the CJRS grant themselves. The caps are proportional to Read more about Coronavirus Job Retention Scheme – changes from 1 October […]
Kickstart Scheme opens for applications
Yesterday, 2nd September 2020, the government’s £2 billion Kickstart Scheme opened for employer applications. What is the Kickstart Scheme? The scheme is part of the Plan for Jobs announced during Chancellor Rishi Sunak’s July Summer Economic Update. The Kickstart Scheme aims to create work placements for young people who are at risk of becoming unemployed Read more about Kickstart Scheme opens for applications[…]
Reminder of changes to Job Retention Scheme from 1 September 2020
This is just a reminder about changes to the Coronavirus Job Retention Scheme from 1 September. The changes from 1 September From 1 September CJRS will pay 70% of usual wages up to a cap of £2,187.50 per month for the hours furloughed employees do not work. Employers will still need to pay furloughed employees 80% Read more about Reminder of changes to Job Retention Scheme from 1 September 2020[…]
Job Retention Bonus
Employers will be able to claim a one-off payment of £1,000 for every employee they have previously received a grant for under the Coronavirus Job Retention Scheme, and who remains continuously employed through to the end of January 2021. To be eligible, the employee must have received earnings in November, December and January, and must Read more about Job Retention Bonus[…]