How does the furlough calculator work for You?

The Calculator will automatically work out the annual salary based on the amount and pay period you enter, it will then calculate 80% of this “annual salary” and, in turn, factor in the number of days you wish to calculate furlough for and provide the amount of wages due for the furlough period.

Do you think your furlough pay is wrong?

The problem is, there are a lot of employers who will have made their calculations of furlough pay before this clearer/detailed guidance was published.

What do you need to know about HMRC furlough payments?

Probably the most commonly asked questions for us at the moment surround the furlough payments to employees and the claiming of the Grant from HMRC. This list is not comprehensive, but covers a fair bit of ground.

When do I have to claim my furlough days?

Calculate how much you have to pay your furloughed employees for hours on furlough and how much you can claim back. The Coronavirus Job Retention Scheme has been extended until 30 September 2021. Find out more about how the scheme is changing. Claims for furlough days in March 2021 must be made by 14 April 2021.

How is my take home furlough pay calculated?

Take-home furlough pay! Now time to put it all together! The calculation goes like this: (Base furlough pay – pension contributions – student loan repayments) – income tax – national insurance = take-home furlough pay. For Tom: (£1600 – £80 – £0) – £96 – £87 = £1337 per month. For Amy:

What do you need to know about the furlough scheme?

Employers and employees must agree the hours to be worked and the hours to be furloughed. Both parties must ensure that no work is undertaken during any furloughed hours. If an agreement on working hours cannot be agreed, the employee may need to remain on full-time furlough. How long can employees be furloughed for?

What’s the difference between regular pay and furlough pay?

The question of what constitutes regular pay has been one of the most unclear aspects of the Job Retention Scheme and there may be employers who have interpreted the previous guidance in all different ways.