The End of the Coronavirus Job Retention Scheme
The Coronavirus Job Retention Scheme (CJRS) is due to end on the 30th September 2021. Since 1 August 2021, the amount that the government has been paying was reduced to 60% of wages up to a maximum cap of £1875 for the hours that employees are on furlough.
To be eligible for the grant employers must pay furloughed employees 80% of their wages, up to a cap of £2,500 per month for the time they spend on furlough (20% paid by employer and 60% by the government).
Wage caps are proportional to the hours not worked. Employers can continue to choose to top up employees’ wages above the 80% total and £2,500 cap for the hours not worked at their own expense.
Holidays hours taken whilst the employee is furloughed will need to be topped up to the normal hourly rate (not capped) by the employer.
Once the Furlough scheme has ended you will still need to keep Payroll and HR records for 6 years, details you must keep include:
Below are helpful links to ACAS and Gov.uk regarding the end of furlough, and the relevant paperwork you will need to keep.