Both government departments are also working to provide access to additional working capital loans, and these will be made available from January next year. Published 21 July. The Salary Support Scheme will continue for 'three extra claim periods' until 17 August. ... Salary Support Scheme. The Manx Re-Start scheme will support up to 120 job placements and subsidise wages by up to 70% of the living wage. We are delighted to feature this guest article from Fedelta Pensions Managers’ Andrew Paul and Louise Haynes. Due to the disruption caused by COVID-19, the Isle of Man Government has set out a package of measures to support local businesses. Other schemes include salary support for 120 new private sector jobs. ... Isle of Man creates £100m coronavirus recovery fund. If the company was claiming against the Salary Support scheme for the employee, during the week including 9 June 2020, and paid them less than their ordinary wage, please mark the employee as ‘Earnings Affected’, however please complete the form with the amount they were paid and their contracted hours (even if they were unable to work them). The purpose of this Scheme is to grow the Isle of Man economy and create jobs on the Island by providing funding for businesses entering or in their commercial phases. Isle of Man businesses "need workers to be upskilled and reskilled", the Chamber of Commerce says. To be eligible, employers must be enrolled for PAYE Online and have a UK, Channel Islands or Isle of Man bank account. The idea of this Job Support Scheme is to protect jobs in businesses which can operate safely but are facing a lower demand in the winter months due to COVID19. An Isle of Man Pension Revolution. The Isle of Man Government has released a number of support schemes to help businesses which have been affected by the COVID-19 pandemic. Employee Relocation Incentive The Employee Relocation Incentive provides a 20% grant of up to £10,000 towards the cost of a relocating employee’s first year net salary. As part of the 2018 Budget, the Isle of Man introduced the biggest change to pensions on the Island since the introduction of personal pensions in 1989, by announcing the creation of a new type of pension called a Pension Freedom Scheme (PFS). Isle of Man News Manx Weather ... A salary support scheme will offer qualifying businesses £280 per full time equivalent employee, per week, for up to 12 weeks. These packages include the Wage Support Scheme, Manx Earning Replacement Allowance (MERA), the Business Support Scheme and the National Insurance Holiday Scheme. The Salary Support Scheme has been extended until the 31st March 2021 for the Travel and Tourism sector. 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