New Job Support Scheme

 

The Government has now issued details of its New Job Support Scheme, please see attached link to the Factsheet.

 

The highlights are:

 

  • The new scheme will commence 1st November 2020 and run for 6 months;

 

  • The scheme is open to all small and medium-sized Employers. Large Employers will be required to demonstrate their business has been adversely affected by COVID-19 and it expected that they would not be making capital distributions (such as dividends), whilst using the scheme;

 

  • To be eligible employees must have been on the Employer’s Real Time Information submission on or before 23 September 2020;

 

  • Employees must work a minimum of 33% of their usual hours. This threshold may be increased in months 4-6 of the scheme;

 

  • For every hour not worked, beyond the 33% threshold, the Government and the Employer will each pay one third of the employee’s usual pay;

 

  • The Government’s contribution will be capped at £697.92 per month;

 

  • Employees will therefore receive at least 77% of their pay in the circumstances where the Government’s contribution has not been capped;

 

  • The Employer will be reimbursed in arrears for the Government’s contribution;

 

  • Whilst working patterns can vary for an employee, each short-term working arrangement must cover a minimum period of seven days;

 

  • The Employer will be required to pay Class 1 Employer NIC and pension contributions;

 

  • The employee must not be on redundancy notice

 

 

Government’s Job Support Scheme Factsheet.