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Coronavirus Job Retention Scheme Extended

12 November 2020

The Prime Minister has announced an extension to the Coronavirus Job Retention Scheme (CJRS), which was set to be remain open until December 2020.

The CJRS will now remain open until March 2021.

The level of support available will return to August levels, with the Government paying 80% of wages up to a cap of £2,500 and employers paying National Insurance and pension contributions.

The Government will review the policy in January to decide whether economic circumstances are improving enough to ask employers to contribute more.

The key details and eligibility criteria for the extended Scheme are set out in our latest report.

Gambit acts as a partner to shareholders and an extension to senior management teams to help overcome current challenges and any impact on longer term plans and goals. If you would like to set up a call to discuss the challenges facing your business, please contact a member of the team.