This is a one-off payment of £1,000 to employers that have used the Coronavirus Job Retention Scheme (CJRS) for each furloughed employee who remains continuously employed until 31 January 2021. The bonus will provide additional support to retain employees.
To be eligible, employees will need to:
– earn at least £520 per month (above the Lower Earnings Limit) on average for November 20, December 20 and January 21
– have been furloughed by you at any point and legitimately claimed for under the Coronavirus Job Retention Scheme
– have been continuously employed by you up until at least 31 January 2021.
Employers will be able to claim the bonus from February 2021 once accurate RTI data to 31 January has been received. More information about this scheme will be available by 31 July and full guidance will be published in the Autumn.