In another budget announcement today (don’t ask us how many there have been, we can’t keep track either), Chancellor Rishi Sunak formally extended the furlough scheme until the end of September 2021.
Currently, employees are receiving 80% of their normal pay, with employers funding national insurance and pension contributions. From July, employer’s contribution to employees’ wages will increase to 10% (plus NI and pension contributions) and from August, that figure will increase again to 20%.
Full details are expected to be published, and the relevant legislation amended, over the next few days.
Should you have any queries about the issues raised in this article, or on any employment related matter, please contact our expert Arvin Sandhu by email or on 01494 893 542.