Update on Coronavirus Job Retention Scheme from August

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A reminder of the changes to the Coronavirus Job Retention Scheme changes –

From the 1st August Employers have no longer been able to claim the Employers National Insurance contribution and the 3% Pension Contribution that they have to pay on behalf of their employees.

In September the government contribution will drop from the current 80% to 70%.  Employers will have to contribute 10% to make up the difference so that the employee continues to receive 80%.

In October, the final stage of the scheme, employers will have to contribute 20% with the government contribution reducing to 60%.

At the end of October the scheme will come to an end.

If you would like help with any aspect of the scheme please don’t hesitate to contact us


About the Author:

Koreen is a Member in Practice of The Association of Accounting Technicians, which means that she is both licensed and regulated by the AAT. However Koreen is also a Fellow Member which is an acknowledgement by the AAT of her senior status in terms of knowledge and experience.
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