Job Retention Bonus

(asked on 15th July 2020) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether firms who (a) have and (b) are in the process of carrying out compulsory redundancies will receive payments under the job retention bonus.


Answered by
Jesse Norman Portrait
Jesse Norman
This question was answered on 23rd July 2020

To ensure that the firms are encouraged to keep employees as demand returns, the Chancellor announced the Job Retention Bonus in the Plan for Jobs on 8 July.

To be eligible, the employees for which the employer will receive the grant will need to:

  • Earn above the Lower Earnings Limit (£520 per month) on average in November, December and January and be paid in each month; and

  • Have been furloughed at any point and successfully claimed for under the CJRS; have been continuously employed until 31 January 2021 and still be employed by the same employer as of 31 January 2021

Further detail on the Job Retention Bonus will be available at the end of the month and full guidance will be available in the Autumn.

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