Despite a delay in the easing of lockdown, the Job Retention Scheme hasn’t been extended. That means, from today, there are only 100 days of furlough remaining.
As of July, government contributions will reduce to 70% of staff wages. That means you’ll have to make up 10%. Furlough will be capped at £2187.50 per employee.
In August, government contributions will reduce again, this time to 60%. That means you’ll have to make up 20%.
There are no further changes until 30th September 2021, when the scheme ends. At that point you’ll face some tough decisions.
Our partners Croner have put together a great Top Tips help sheet to give you some ideas of how to get your business functioning fully after furlough ends.