From today (1st July 2021), the government’s contribution towards the Furlough Scheme is reducing!
July
- Government contribution: wages for hours not worked: 70% up to £2187.50 per month
- Employer contribution: employer NI contribution and pension contributions: Yes
- Employer contribution wages for hours not worked: 10% up to £312.50 per month
- For hours not worked, employee receives: 80% up to £2,500 per month
August
- Government contribution: wages for hours not worked: 60% up to £1875.00 per month
- Employer contribution: employer NI contribution and pension contributions: Yes
- Employer contribution wages for hours not worked: 20% up to £625.00 per month
- For hours not worked, employee receives: 80% up to £2,500 per month
September
- Government contribution: wages for hours not worked: 60% up to £1875.00 per month
- Employer contribution: employer NI contribution and pension contributions: Yes
- Employer contribution wages for hours not worked: 20% up to £625.00 per month
- For hours not worked, employee receives: 80% up to £2,500 per month per month
The scheme is planned to end at the end of September, however nothing is certain, and things may change.
If you have any queries or wish to discuss the above, please contact our office on 01633 746666.
Parker & Co.