It will be announced later today as part of the July Stimulus Package that the Pandemic Unemployment Payment (PUP) will be extended until the end of March 2021.
The weekly amount will be reduced from September 17th 2020 .
The new PUP top rate of €350 will be reduced to €300 from Sept 17th . This amount will only be paid to those who were earning more than €300 per week before the pandemic.
Those who earned between €200 and €300 a week pre-Covid will see their pandemic payment reduced to €250 a week .
Claimants who earned less than €200 per week prior to the pandemic are currently on PUP of €203 a week . This will remain at €203.
Payments From February 2021
From February 2021, those who previously earned over €300 a week will move from a PUP of €350 to €250 a week
Those who earned between €200-€300 a week pre-pandemic will move from the €250 Pandemic Unemployment Payment rate to Jobseekers’ Benefit of €203.
From April 1st 2021
Finally, from 1 April 2021, all remaining PUP claimants will be told to apply for Jobseekers’ Allowance. The PUP scheme will be closed.
Temporary Wage Subsidy Scheme
Also announced today – the Temporary Wage Subsidy Scheme will be replaced by a new Employment Wage Support Scheme in September. This scheme will also run until the end of March 2021.
The Employment Wage Support Scheme will pay businesses, whose turnover has fallen below 30pc, a subsidy of €205 per month per employee.
Back to Education Allowance:
Access to the BTEA scheme is being extended to PUP recipients.