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New Coronavirus Job Retention Scheme guidance

New Coronavirus Job Retention Scheme guidance

Businesses furloughing staff during the Coronavirus outbreak will receive further financial support, with the cost of employer National Insurance and pension contributions being covered by the government.

Under the scheme, employers can claim a grant covering 80% of the wages for a furloughed employee, subject to a cap of £2,500 a month.

In a move that could save businesses an extra £300 a month for each employee under the scheme, the government will now cover the employer National Insurance and minimum auto-enrolment pension scheme contributions employers pay on the wages they must pay their furloughed staff – on top of the wages covered under the scheme.

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