Millions of Employers Set for £9 Billion Job Retention Bonus
A brand new £9 billion Job Retention Bonus is here to reward employers who kept furloughed staff on the payroll. The bonus works hand-in-hand with the fresh Job Support Scheme, offering up to 60% of average wages for workers retained until February 2021.
How Much Could You Get?
The £1,000 bonus covers around 20% of wages for the average furloughed worker. But for lower-paid staff, employers could claim back as much as 40% of their wages for the three months up to the end of January 2021.
Are You Eligible? Here’s What to Do
Wondering if your business qualifies? The claim window opens from 15 February 2021 and closes on 31 March 2021. Make sure you check your eligibility and prepare your claim to get that much-needed boost.
