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.
If you have any queries regarding furlough, please call Charlotte Braham on 01494 89529 or email on email@example.com.