Published On: Thu, Mar 26th, 2020

Martin Lewis: Furlough meaning explained – the pay and if you are entitled | Personal Finance | Finance


It is something that employees can ask for, but it’s up to employers to grant it.

Martin explained: “Furlough is this position where if you can’t work, you have a job but your job is on hold, let’s imagine hospitality industry is easy. If you are PAYE for a contracted employer, the company can say we’ll put you on furlough and the state will pay 80 percent of your salary up to a maximum of £2,500.

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“The company can top that up to 100 percent and we hope they have and they will, but they don’t have to.

“So if your company says you’ll cost too much tell them ‘just give me the 80 percent’.”

Martin explained: “The 80 percent is not coming out of the employers pocket.”

READ MORE: Martin Lewis explains how credit card users could ‘get debt-free quicker’ but must act NOW



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