Update – CJRS grant tapers off as government grant decreases to 70%

4th September 2020

From this month, the job retention scheme (CJRS) launched as a pandemic measure and which allows employers with staff on a PAYE scheme to furlough workers, moves into a further stage of being eased out. From 01 September the government grant decreased to 70% up to a cap of £2,187.50 for the hours employees are on furlough.

For employers, this means higher costs as the scheme tapers off and eventually comes to an end on 31 October. They have to pay pension contributions and national insurance, as well as topping up employees’ salaries to ensure a guaranteed 80% of their monthly wage, with a cap of £2,500.

In the final month of the scheme, the grant is due to decrease to 60% in October for wages up to a cap of £1,875 for the hours the employee is on furlough

Read more here.