Since our first blog on furlough leave earlier this week, further guidance on the Coronavirus Job Retention Scheme has been released by the government. The full guidance can be found here but the key points are as follows:
- Employers can reclaim up to 80% of wage costs up to a cap of £2,500 per month plus the associated employer NICs and minimum automatic enrolment pension contributions on that wage. Fees, commissions and bonuses are not included. MORE.