Information on the Job Retention Bonus

14 October, 2020

The government has published the guidance on the Job Retention Bonus:

  • This is a one off £1,000 taxable payment for each eligible furloughed and still employed employee
  • The bonus itself can be claimed between 15 Feb 2021 and 31 March 2021
  • Employees must not be serving a contractual or statutory notice period for you on 31st January 2021 – this includes people serving notice of retirement
  • Your company needs to still be enrolled for PAYE online
  • All PAYE files must be accurate and filed on time for all employees between 6 April 2020 and 5 February 2021
  • Payroll must be up to date including leaving dates for any employees that stop working for you before the end of the pay period that they leave in
  • You must pay your employee a total of at least £1,560 gross throughout the periods of:
    • 6 November to 5 December 2020
    • 6 December 2020 to 5 January 2021
    • 6 January to 5 February 2021
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