Coronavirus Job Retention Scheme (CJRS) also known as the Furlough scheme will remain open until December, with employees receiving 80% of their current salary for hours not worked, up to a maximum of £2,500. Under the extended scheme, the cost for employers of retaining workers will be reduced compared to the current scheme, which ended on 31 October 2020. This means the extended furlough scheme is more generous for employers than it was in October.
Chancellor Rishi Sunak has now doubled the amount of support eligible claimants can expect to receive from the next grant under the Self-Employment Income Support Scheme (SEISS). The Government have already paid two SEISS grants, but the Chancellor recently announced the scheme will be extended to provide two further grants for people who are eligible to claim. The grants will cover the six-month period between November 2020 and April 2021.
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