Job Retention Bonus
This is a £1,000 bonus paid to the employer for each member of staff that was furloughed and kept employed until the end of January 2021. The grant is taxable and will be included in the businesses profits
Who can claim
You can claim the bonus if you’re an employer who has furloughed employees and made an eligible claim for them through the Coronavirus Job Retention Scheme. Your employee must have been eligible for the Coronavirus Job Retention Scheme grant for you to be eligible for the bonus.
You can claim for employees that:
you made an eligible claim for under the Coronavirus Job Retention Scheme
you kept continuously employed from the end of the claim period of your last Coronavirus Job Retention Scheme claim for them, until 31 January 2021
are not serving a contractual or statutory notice period for you on 31 January 2021 (this includes people serving notice of retirement)
you must have paid the employee a minimum of £1,560 (gross) each month between 6th November and 5th February 2021
How to claim
You will be able to claim from 15 February 2021. Exactly how this can be claimed we don't know yet, but it is expected that agents will be able to claim this on your behalf.