The Job Retention Bonus allows employers to claim a one-off payment of £1,000 for every eligible employee they have furloughed and claimed for through the Coronavirus Job Retention Scheme (CJRS) and kept continuously employed until at least 31 January 2021. Employers do not have to pay this money to their employee.
To be eligible, employees must earn at least £1,560 between 6 November 2020 and 5 February 2021 and have received earnings in the November, December and January tax months.
Employees must also not be serving a contractual or statutory notice period on 31 January 2021. Employers can still claim the Job Retention Bonus if they make a claim for that employee through the Job Support Scheme, as long as they meet the eligibility criteria for both.
Employers will be able to claim the bonus from 15 February until 31 March, after they submit PAYE information for the period to 5 February 2021. For more information, including what you or your clients need to do now if you intend to claim the bonus, go to GOV.UK. More detailed guidance will be available by the end of January.