Details of the Job Retention Bonus Announced

The Job Retention Bonus was announced by the Chancellor as part of his Plan for Jobs last month. The scheme gives businesses a one-off payment of £1,000 for every previously furloughed employee if they are still employed at the end of January next year. The Treasury has announced that it has published a policy statement now which gives employers further details on eligibility requirements and how they can claim the bonus. Full guidance will be published by the end of September.