Job Retention Bonus scrapped
Withdrawn. In August 2020 the government announced a Job Retention Bonus (JRB) scheme and indicated this would be made available to employers in February 2021. Under the JRB scheme, you would have been able to claim a one-off bonus payment of £1,000 for each eligible furloughed employee still in your employment on 31 January 2021 .
Into next year. However, the government withdrew the JRB when it unexpectedly extended the Coronavirus Job Retention Scheme (CJRS) at the eleventh hour. The CJRS will now run until 31 March 2021 and the government has stated that “a retention incentive will be deployed at the appropriate time” . Further details on the replacement incentive scheme are expected in early 2021.
Tip. If you’ve furloughed employees under the extended CJRS, or intend to, there is no legal requirement to keep them in your employment. Employees can be made redundant during or after a period of furlough.