Briefing Note - Job Retention Bonus

The government has published a Treasury Direction and associated Guidance covering the Job Retention Bonus (JRB) announced in July.

Under this scheme, the government will pay a bonus of £1,000 in respect of every eligible employee.

To be eligible an employee must

  • have been the subject of a valid claim by the employer of a claim under the Coronavirus Job Retention Scheme
  • have continued in employment and not under any sort of notice up to 31 January 2021
  • have been paid at least £1,560 gross monthly in each of the tax months 6 November - 5 December 2020, 6 December 2020 - 5 January 2021 and 6 January - 5 February 2021

Claims can be made from 15 February 2021 until 31 March 2021.  The amount is paid to the employer, not the employee and is subject to tax

The Treasury Direction can be found here.

The Guidance can be found here.