Job Retention Bonus Scheme – further details revealed
The Government has revealed further details of the Job Retention Bonus, which can be claimed by eligible employers from February 2021.
Some of the main points included in the updated guidance include:
- Employees must have been paid the minimum threshold for November to February;
- Employees must not be under redundancy notice;
- The bonus scheme can be used alongside the Job Support Scheme (which is awaiting more guidance).
We have created a guide outlining the scheme which can be downloaded by clicking the below.
If you have any questions or have any concerns about how this announcement might affect you, please contact Lee Muter, Employment Taxes Partner, on 07810 852 362 or at firstname.lastname@example.org or Paul Tucker, Employment Taxes Senior Manager, on email@example.com or 07392 870 199.
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