The UK Government has rolled out a number of different schemes in recent weeks to assist businesses during the ongoing Coronavirus crisis – one of which is the Coronavirus Job retention Scheme.
“The Coronavirus Job Retention Scheme is a temporary scheme open to all UK employers for at least three months starting from 1 March 2020. It is designed to support employers whose operations have been severely affected by coronavirus (COVID-19).
Employers can use a portal to claim for 80% of furloughed employees’ (employees on a leave of absence) usual monthly wage costs, up to £2,500 a month, plus the associated Employer National Insurance contributions and minimum automatic enrolment employer pension contributions on that wage. Employers can use this scheme anytime during this period.
The scheme is open to all UK employers that had created and started a PAYE payroll scheme on 28 February 2020.”
Queries regarding the Job Retention Scheme and how to best make use of it are among the most frequently asked questions we have been receiving from clients.
For example, we have been asked a number of times whether directors are eligible for the scheme. Samera believe that directors are in fact eligible for the job retention scheme, providing that they are properly furloughed.
It is important that you follow and abide by the appropriate employment law while implementing this financial employment scheme.
Samera can assist your business in applying for the Job Retention scheme in the following ways:
For this service we will do this for each employee that has been furloughed:
Our fee is £11+VAT per employee, with a minimum fee of £44+VAT per entity.
If you need assistance with the Coronavirus Job Retention Scheme then please do contact us today via the form below.