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.Continue reading