Job Retention Bonus

This scheme was announced in July and will see employers receive a one-off bonus of £1,000 for every employee that they made a claim under the coronavirus job retention scheme, who remains continuously employed to the end of January 2021.

There are conditions to the grant, each employee must earn at least £1,560 for the 3 month period from 1 November 2020, and a payment must be made in every month and reported under RTI. Employees cannot have started serving any contractual or statutory notice periods prior to 1 February 2021.

The employer must be up to date with their payroll liabilities and filings and similar to the job retention scheme must hold a UK bank account.

Employers should ensure that if they are accessing the new Job Support Scheme that they are not jeopardising their claim to the £1,000 bonus for any qualifying employees – speak to one of payroll advisors if you have any questions.

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