New Job Support Scheme - Check New Job Support Scheme Rules, Update, Policy, and Eligibility Criteria

Updated: Oct 24,2020 06:16 GMT

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New Job Support Scheme - To Support the individuals and Businesses of the United Kingdom that is highly affected by the Coronavirus and the New Job Support Scheme will provide additional support to help the individuals to maintain their Employees status. This New Job Support Scheme was first announced on the 24th of September 2020 by the Chancellor of the Exchequer. Read on to know more about New Job Support Scheme, New Job Support Scheme Rules, Job Support Scheme Update, Changes to Job Support Scheme, Job Support Scheme Policy Paper, Job Support Scheme Eligibility Criteria, and much more.

New Job Support Scheme

New Job Support Scheme is a program to help Individuals and Businesses of the United Kingdom that are highly affected because of the Coronavirus. The New Job Retention Scheme will provide additional support to help the individuals to maintain their Employees status. This Job Support Scheme News came first on the 24th of September 2020 by the Chancellor of the Exchequer.  The new job support scheme will provide the right assistance to the Business at the right time. The Job Support Scheme Policy Paper includes Eligibility Criteria, Terms & Conditions, Time period for making claims. Further, the Job Support Scheme Update will come at the end of October.

How Will Changes to Job Support Scheme Work?

These are the following ways in which HMRC New Job Support Scheme will work:

●      With the Job Support Scheme Changes, Employees have to work for at least 20% of their Contracted Hours to qualify for the New Job Scheme.

●      According to Job Support Scheme News, They will earn only 67% and lose 33% of their pay for the hours they didn't work.

●      For Non-Worked Hours, €1,541.75 will be paid by the Government every month.

●      For Non-Worked Hours, €125 will be paid by the Employers every month.

●      These round off Data are based on a salary of €3,125 per month.

●      This sums that Employees who were getting €1,000 per month will get €807 per month.

●      €283 will be paid by Employers while the rest will be paid by the Government.

Job Support Scheme Eligibility Criteria

●      All the Employers who have UK Bank Accounts and UK PAYE Schemes are eligible for the new job support scheme.

●      Large Companies with more than 250 employees and turnover Lower or as same as before the Coronavirus period are eligible for this New Job Retention Scheme.

●      Job Support Scheme Open for all the employees on any sorts of Contracts.

Part-Time Job Support Scheme

Self-Employed workers will gain a benefit of up to €3,750 from the Government. To Cover from February 2021 to April 2020, Employees will get an additional second grant.

New Job Support Scheme Rules - For Employees

●      On or Before September 23, 2020, Employees have to be on the list of an Employer's Payroll.

●      Employers have to work on Reduced Hours.

●      Employees have to work for a minimum of Seven Days in a short-time working Agreement.

New Job Support Scheme - FAQ's

1. What is the meaning of Reduced Hours?  

Reduced Hours mean that employees have to work for 33% of what they working before.

2. When will the Job Support Scheme Open?  

The New Joh Support Scheme will be open from the 1st of November to the end of April 2021.


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