With the news of another lock down days away, Alison, over in our sister company, Pyramis Accountancy, has quickly pulled together some information which we hope will help.
The new JSS (Job Support Scheme) was supposed to be coming in from this month. However instead, the ‘old’ JRS (furlough) scheme is being extended.
Key points are:
• The basics are the same as the original furlough scheme
• Furloughed employees would receive 80% of their gross salary up to a maximum of £2,500
• Employers can choose to top up the wage to 100% salary
• Employers will need to cover the cost of related national insurance and pension
• Part time furlough is available, where employers will pay for any hours worked by the employees
• To be eligible employees must have been on payroll by 30th October 2020
• It’s not clear yet what ‘usual’ wage level the JRS will be based on
• The government will confirm shortly when claims can first be made in respect of employee wage
costs during November, but there will be no gap in eligibility for support between the previously
announced end-date of CJRS and this extension
• The JSS will not start until the JRS has finished
Support for Self-Employed Workers
Originally there were to be two further grants for self-employed workers, covering the periods November 2020 – January 2021 and February 2021 – April 2021. The first of these is now to be at 40% of average wages (instead of 20% as previously stated).
There’s further information here, which will be updated as details develop: https://www.gov.uk/government/publications/self-employment-income-support-scheme-grant-extension/self-employment-income-support-scheme-grant-extension
Key points are:
To be eligible individuals (and partnerships) must:
Links to other support:
You can find a lot of information here: