Cancelling a Reward flight

Hi All,
We have 6 reward flight seats booked for August (3 people, out and back), which involve miles and approx £1400 in taxes/fees (BFS-MCO-BFS). Even if things open up again, and flights are running then I'm not sure how comfortable we will be flying etc. What are my options for cancelling, and how much £ am I likely to be out?

How soon before the flights would I need to decide?

Thanks, Stevey

You can cancel up until 24 hours before departure and receive a full refund of both miles and money, less a £30 fee per person.

yes it's 24 hours so if your flight was to 3pm on a Thursday you have to have cancelled by 3 PM on the Wednesday.

And thet means having completed the cancellation proces by then so don't leave it until the last minute.

Thank you! Plenty of time to decide then!! Seems remarkable for a cancellation policy