- The Chancellor announced the introduction of a Job Retention Bonus during his Economic Update yesterday (8th July)
- The bonus scheme is a one-off payment of £1,000 to employers that have utilised the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 31 January 2021
- To be eligible, employees will need to;
- Earn at least £520 per month (above the Lower Earnings Limit) on average for November, December, and January
- Have been furloughed by you at any point and legitimately claimed for under the CJRS
- Have been continuously employed by the employer up until at least 31 January 2021
- Employers will be able to claim the bonus from February 2021 once accurate RTI data to 31 January has been received.
- Further information on the bonus scheme will be available by 31 July and full guidance will be published in the Autumn
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https://www.aspirepartnership.co.uk/News/3472/covid19-job-retention-bonus
