Tag Archive: End of furlough

The Job Retention Bonus

October 14, 2020 12:00 pm Published by

The Treasury has issued more details on the Job Retention Bonus. Here is a summary, broadly in line with what we knew was coming:- the Job Retention Bonus is available to employers in respect of each employee who (a) has been on furlough at some point; and (b) remains employed, and not under notice, on 31 January 2021. HMRC will make a payment of £1,000 to the employer for each eligible employee.  This is a bonus to the employer, and the employer does not have to pass it over to the employee. to receive the bonus, the employer must have paid a salary of at least £1,560 to the employee between 6 November 2020 and 5 February 2021 (this is to prevent the employer getting a bonus of £1,000 by keeping,...