Furlough scheme – from 1st July staff can be furloughed part time on a daily basis instead of the current 3 week minimum furlough period. Also from 1st August you will not be able to claim for furloughed staff employers NI and pension contributions. From 1st September in addition to this, the furlough wage reclaim lowers to 70% and then from 1st October 60%, until totally ceasing 31st October.
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.