Job Retention Bonus (August 13th 2020)

Job Retention Bonus

The Job Retention Bonus allows employers to claim a one-off payment of £1,000 for every employee they have previously received a grant for under CJRS and who remains continuously employed through to the end of January 2021.

To be eligible, the employee must have received earnings in November, December and January and must have been paid an average of at least £520 per month, a total of at least £1,560 across the three months.

Employers will be able to claim the bonus after they have filed PAYE information for  January 2021, and the bonus will be paid from February 2021.

What employers need to do now If employers intend to claim the Job Retention Bonus, they must:

  • ensure all employee records are up to date
  • accurately report employees’ details and wages on the Full Payment Submission (FPS) through the Real Time Information (RTI) reporting system
  • make sure all CJRS claims have been accurately submitted and they have told us about any changes needed (for example if they’ve received too much or too little).