With the Coronavirus Job Retention Scheme (Furlough scheme) set to close on 31st October 2020, over the coming months, changes to capped amount that the government will be paying to furloughed workers will begin to decrease.
On the 1st July 2020, it came into force that employers can bring furloughed employees back to work for any amount of time and any shift pattern while still being able to claim the Coronavirus Job Retention Scheme grant for the hours not worked.
On Saturday 1st August 2020, it came into force that the level of the grant will be reduced each month until 31st October 2020.
To be eligible for the grant, employers must pay furloughed employees 80% of their wages, up to a cap of £2,500 per month for the time they are being furloughed.
The timetable for changes to the scheme is set out below.
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Contributions
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July
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August
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September
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October
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Government contribution: Employer NICs and pension contributions.
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Yes
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No
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No
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No
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Government contribution: Wages
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80% up to £2,500
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80% up to £2,500
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70% up to £2,187.50
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60% up to £1,875
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Employer contribution: Employer NICs and pension contributions.
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No
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Yes
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Yes
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Yes
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Employer contribution: Wages
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–
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–
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10% up to £312.50
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20% up to £625
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