An introduction to the Job Retention Bonus

Please Note: All information correct at time of writing on  11 August 2020. We do our very best to make sure our information is as up to date as possible, but we’d encourage you to check out our latest articles and to check the government website for updates as they happen.

Rishi Sunak announced his ‘Plan for Jobs’ on 8 July in parliament. In it, he outlined how the government will support the UK’s economic recovery while continuing to prioritise people’s health. As part of this, the government is introducing a new Job Retention Bonus to provide additional support to employers who keep their furloughed employees on, in meaningful employment, after the Coronavirus Job Retention Scheme (CJRS) ends on 31 October 2020.

On Friday 31 July, HMRC published more information on the Job Retention Bonus, with further details due to be published in
September. Our experts have pulled together everything we know so far about how the Job Retention Bonus will work, including:

  • which employers are eligible to apply for the Job Retention Bonus
  • which employees they can claim for
  • when Job Retention Bonus claims can be made

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