Furlough Returns for November
Posted on 1st November 2020 at 13:00
The furlough scheme was originally meant to end on 31st October, but due to the new lockdown it’s being extended until the end of March. Here’s a quick breakdown of what this means:
A furloughed employee will receive 80% of their salary up to a maximum of £2,500 per month.
This is paid by the government, although employers have the option to top this up if they wish. The employer is only obliged to pay the furloughed employee’s National Insurance contributions and pension payments, if applicable.
An employer can choose to put employees on full-time furlough or simply furlough them for some hours, allowing the employee to work on a part-time basis during the furlough period.
An employer and their employees can still access the furlough scheme even if they haven’t earlier in the year. The only requirement is that the employee has been on the PAYE payroll since at least 30th October.
If an employee was made redundant after 23rd September, there’s the option to rehire them and place them on furlough.
The Job Support Scheme will begin once furlough ends.
Find out more
Tagged as: Administration
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