What is the Job Retention Bonus and How Can You Use it?

On 8 July 2020, the Chancellor announced a new Job Retention Bonus for employers who have used the Job Retention Scheme. You can receive a £1000 cash bonus for every furloughed employee provided that:

  • you bring the furloughed employee back to work and continue to employ them for the period of November 2020 to the end of January 2021; and
  • the employee earns a minimum of £520 average per month between November and January 2021.

Payments will be made from February 2021.

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