The government’s furlough scheme changed earlier this month, although the amount workers receive is the same.
Rishi Sunak announced that the Coronavirus Job Retention Scheme will be altered slightly, meaning that businesses have to contribute 10% of employees’ salaries, in addition to the government’s contribution of 70%.
Workers can’t apply themselves; it’s up to a business to opt in.
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But when exactly does the scheme end?
When does furlough end?
Furlough will be phased out by September 2021 according to current plans.
Until then, the grants cover 80% of your monthly salary up to £2,500.
Anyone earning more than £30,000 a year will be covered by the scheme, but can only receive the maximum amount of £2,500.
Employees still pay Income Tax, National Insurance, and Student Loan repayments where applicable.
It’s thought that around 2.4 million people continued to rely on the Government to pay their wages, and three in 10 employees are still using the scheme.
This is down from 5.1 million at the height of lockdown in January.