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Further details of Coronavirus Job Retention Scheme announced

New guidance on Coronavirus Job Retention Scheme has been published. In a move that could save businesses an extra £300 a month for each employee under the scheme, the government will now cover the employer national insurance and minimum auto-enrollment pension scheme contributions employers pay on the wages they must pay their furloughed staff – on top of the wages covered under the scheme. Those furloughed can volunteer for the NHS without risking their pay.

Guidance for employers on the Coronavirus Job Retention Scheme can be found here whilst guidance for employees can be found here.