Job Retention Bonus is a £1,000 one-off taxable payment to the business for each eligible employee furloughed. You can claim for employees:
- Who had an eligible claim made for them under the Job Retention Scheme
- Kept continuously employed from end of claim period for them to 31st January 2021
- Not serving contractual or statutory notice period in the period to 31st January 2021
- Who earn a total of £1,560 gross through the three tax months from 6th November 2020 to 5th February 2021
The bonus is for the employer (i.e. your limited company) rather than the employee.
You won’t be able to claim until 15th February 2021 and HMRC will release guidance in January 2021 on how to access the claim service. Claims will need to be made by 31st March 2021 at the latest.
Note: if you’re using the new Job Support Scheme you will still be eligible to claim the Job Retention Bonus.