The Chancellor announces increased support in new Plan for Jobs

On 22nd October the government announced it was increasing the financial support available for businesses and workers, extending what was previously set out in its Winter Economy Plan and making further grants available.

The table below gives some example calculations which show the difference between the help provided by the Job Support Scheme (JSS) announced in the Winter Economy Plan and the increased level of support promised in the new Plan for Jobs, setting out the impact for both employer and employee.

Example calculation comparing original JSS and new level of support

Original example - JSS				Revised example - increased support				Difference
Employer - time worked	Minimum 33% to qualify	40%	£1,200	Employer - time worked	Minimum 20% to qualify	40%	£1,200
Government	33% of un-worked hours	20%	£600	Government	62% of un-worked hours	37%	£1,116
Employer - time not worked	33% of un-worked hours	20%	£600	Employer - time not worked	5% of un-worked hours	3%	£90
Lost wages	33% of un-worked hours	20%	£600	Lost wages	Balance	20%	£594
TOTAL Original Salary		100%	£3,000	TOTAL Original Salary		100%	£3,000

Total Cost to Employer			£1,800	Total Cost to Employer			£1,290	-£510
Total Pay for Employee			£2,400	Total Pay for Employee			£2,406	+£6

More details of the new Plan for Jobs can be found here: https://t.co/VEAAoddUMu. Please get in touch with us on 01273 480480 if you would like any further information or assistance.

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The Chancellor announces increased support in new Plan for Jobs

Example calculation comparing original JSS and new level of support