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Am I eligible for 80% payment of salary!

leoni0211 · 2020-03-21 19:40:44

Can anyone help? I have a limited company and I pay myself a salary through paye each month. I will be out of work now for the duration of this crisis with no income. Can I claim 80% of my salary? I am an employee of my company? I can’t find any answers anyway and would really appreciate some clarification at this very…

Comments

neilmcl Posts: 19,460 Forumite

22 March 2020 at 11:59AM edited 22 March 2020 at 12:00PM

Until we get the full details from the govt I don't think there's a definitive answer yet. Yes, you receive PAYE from your own ltd co. but strictly speaking you're not an employee as such you are the director of the company, you have no employment contract and you can't be terminated from your "employment". You can't be "furloughed" as such as you still have to administer the day to day of your company. As usual, one man ltd cos will probably fall through the net.

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