As the end of the Government’s furlough scheme draws closer, today sees another change to the obligations of any employer still submitting claims.
From today employers must now contribute 10% of any furloughed employee’s salary which will be added to the Government’s reduced 70% contribution. This change is in addition to last month’s update which means employers are also now required to contribute employer’s NIC and minimum pension payments.
Depending on the financial stability of the business, this latest change to the scheme could see an increase in employees returning to their usual place of work. Alternatively, for those businesses who cannot sustain the same level of staff at the present time, the 10% contribution and looming end date of the scheme may focus their attention on planning ahead for a redundancy process.
If you have any questions about the furlough scheme or what a redundancy process entails, then contact BHW Solicitors on 0116 289 7000 or email email@example.com.