POSTED: July 28 2021
Furlough scheme set to change this week

Furlough scheme set to change this week

The furlough scheme is set to proceed to the next stage of phasing out on August 1, with employer contributions increasing.

On August 1, the government contribution will decrease to 60% – with employer contributions to furloughed employee salaries increasing to 20%.

The wind down for the furlough scheme comes after tens of thousands of businesses were given the green light to trade again, as the majority of lockdown restrictions came to an end on 19 July.

Should you require assistance with navigating the changing contributions to the furlough scheme, or need guidance as to how this affects your payroll contact advo today. We can provide expert payroll advice, and hr advice and support.