Furlough extension explained – who is eligible and how much money you can get
As England teeters on a second lockdown thousands of businesses will be forced to cease trading for the best part of a month.
As a result the furlough scheme is set to be extended to mitigate the damaging economical hit that comes with a lockdown.
The scheme will be on par with the offerings from the government when it was first introduced in March.
It will still be wound down on December 2, with Tier Three affected businesses instead relying on 67% wage support.
Originally furlough was due to end on October 31, with Rishi Sunak replacing it with the Job Support Scheme.
The JSS would have been less generous than furlough – but furlough has more or less been extended now in its original form.
That means employees will get 80% of their current salary for hours not worked, capped at £2,500 a month.
Anyone in the UK in any industry can claim for furlough, not just businesses forcibly shut by restrictions.
In fact, the scheme will be open to new recipients for the first time since July 1.
Up until October only those previously enrolled were on the scheme.
Those who started a job before October 31 should also be eligible.
Second lockdown: New rules for getting a haircut and going to the gym explained
Assuming lockdown does end on December 2 and is not extended, the furlough scheme will finally end then too.
It will be replaced by the JSS scheme, which shells out 67% wages to any worker in a business that has been shut due to the restrictions.
Under current plans, the Job Support Scheme will return in December, with the government confirming that grants will be available from 8 December 2020 onwards.
The JSS also allows people to work part-time on as little as a fifth of their normal hours, for which they get between 73% and 100% of salary.
Full list of shops in England that can stay open during second lockdown
Under current plans, self-employed workers will get a grant worth just 40% of their previous profit – and only get it in January.
Sole traders will qualify for up to £3,750, based on 40% of historic average profits over three months.
A second grant will be paid in around April 2021, but the level it will be set at has not been decided yet.
That's an improvement on the 20% previously announced, but it falls short of the 80% and 70% offered in two previous schemes.
Work premises forced to close in England are also to receive grants worth up to £3,000 per month under the Local Restrictions Support Grant
The government also offers £1,500 for every out-of-work 16-24 year-old given a ''high quality'' six-month work placement
There is £2,000 available for every under-25 apprentice taken on until the end of January, or £1,500 for over-25s
Source: Read Full Article