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Calculate How Much You Can Claim Using the Coronavirus Job Retention Scheme

Calculate How Much You Can Claim Using the Coronavirus Job Retention Scheme

The Government have realised information on how to calculate how much you must pay your furloughed employees for hours on furlough, how much you can claim for employer NICs and pension contributions and how much you can claim back.

31 July is the last day that you can submit claims for periods ending on or before 30 June.

Visit www.gov.https://www.gov.uk/guidance/calculate-how-much-you-can-claim-using-the-coronavirus-job-retention-scheme?utm_source=42e8596c-a771-484b-9c68-9a56806339f1&utm_medium=email&utm_campaign=govuk-notifications&utm_content=immediate#record-keeping-requirementsuk for the following information:

  1. Record keeping requirements
  2. Use the calculator
  3. Work out the maximum wage amount
  4. Work out 80% of your employee’s usual wage
  5. Work out how much you can claim for employer National Insurance contributions (NICs)
  6. Work out how much you can claim for employer’s pension contributions
  7. How to claim
  8. Contacting HMRC


From 1 August 2020, the level of the Coronavirus Job Retention Scheme grant will be reduced each month. To be eligible for the grant employers must continue to pay furloughed employees 80% of their wages, up to a cap of £2,500 per month for the time they are being furloughed.

From 1 August, no grant will be available for Class 1 employer NICs or pension contributions, although these contributions will remain payable by the employer.

From September 1, the government grant towards the employee wages will be reduced to 70%. From October 1, the government grant will be reduced again to 60%. During these months you will be asked to contribute towards the cost of your furloughed employees’ wages to ensure they continue to receive at least 80% of their wages for the time they’re on furlough. Find out more information on how the amount of grant available through Coronavirus Job Retention Scheme is changing.

You’ll still need to pay the employer National Insurance and pension contributions on your furloughed employees’ pay. For claims ending before 1 August 2020 you can claim for these costs too.