The Chancellor during today’s COVID19 daily update (29 May 2020), stated changes to CJRS (aka Furlough Scheme) and #SEISS (Self Employed Income Support Scheme)
On CJRS the changes are,
10th June – Cut off day to furlough any employees
July – Furloughed staff will be able to work part-time in their old roles
August – Government will pay 80% (Cap at £2,500) but not NI and Pensions
September – Government will only pay 70% (Cap at £2,190), No NI and Pensions
October – Government will only pay 60% (Cap at £1,875) ,No NI and Pensions and scheme will end.
SEIS Scheme
extended for one final time but with 70% and capped at £6,570 (Previously 80% and £7,500), claim needs to be made in August.
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