From 1st July the furlough scheme begins to unwind. Even though an employee must still be paid at least 80% of their wages, the employer can only claim 70% back from the government, reducing to 60% for August and September. The furlough scheme then closes on the 30th September 2021.
The latest news from PMC Partnership incorporating Pomfreys Accountants – 1st October
If are a non tax payer earning below £12,570 you can earn up to £5,000 tax free of interest. If you are a basic rate tax payer earning over £12,570 up to £50,000 you can earn up to £1,000 of interest tax free.