What is the Job Retention Bonus?

The Job Retention Bonus provides additional support to employers who keep on their furloughed employees after the CJRS ends on the 31st October 2020.

This is a one-off payment to employers of £1,000 that can be claimed for any employee where a:

  • CJRS grant claim was made
  • And any employee who will remain employed as at 31st January 2021.

All employers are eligible for the scheme, including recruitment a agencies and umbrella companies.  However, to be eligible for the Job Retention Bonus, the employer must meet the criteria on their claims and retention of their employees which includes office holders, company directors and agency worker if they meet the eligibility criteria.

Job Retention Bonus – Eligibility Criteria

  • An employee must earn at least an average of £520 per month during November, December and January.
  • The employer has furloughed the employee at any point and made a legitimate claim under the Coronavirus Job Retention Scheme.
  • Continuously employed by the employer until at least the 31st January 2021.

If an employee is serving a contractual or statutory notice period that started before the 1st February 2021 will not be eligible to make a claim for the Job Retention Bonus.

About the Claim:
  • Claims can be made between the 15th February and the 31st March 2021 on receipt of accurate RTI data is received by HMRC.
  • This is is counted towards your taxable income.
  • Employers will not have to pay this bonus to your employees.
  • If a claim for CJRS was made incorrectly for an employee, bonuses will NOT be paid
  • Ensure all your employee records are up to date
  • All employee details and wages are submitted accurately via your RTI submissions
  • All CJRS claims are accurately submitted and HMRC informed of any changes where necessary.

https://www.gov.uk/guidance/check-if-you-can-claim-the-job-retention-bonus-from-15-february-2021

Written by: Jenny Neale

J A Neale

20th October 2020