Furlough pay is less than 80% of my wages and I'll struggle

gary83

discat11 said:

andypat057 said:

discat11 said:

neilmcl said:

I can't believe that someone who is going to get £2500 per month for sitting at home for a short period (a few months) is complaining they're going to struggle. Try thinking of those who actually are finding it very difficult at the moment.

That's understandable, and to be fair the cap is 50% of my normal income so I would be in the same boat if furloughed. The main issue is that most people I know have outgoings which match their income- i.e. could he service his mortgage, debt/loan repayment or normal outgoings on such a reduction in income? I know I couldn't.

I wouldn't call a few months a short period and I understand everyone is in a different/difficult situation during this time. I am merely asking questions around a severe reduction in income and what I can do during the current climate, I know that I will still be taxed on my furlough payment and that won't leave me with much money to pay bills, loans etc. 

If I can take on other temporary work that that will help ease the financial stress that i'll be under. I know people are worse off than myself in the current situation and in better times I have always gone out of my way to help those less fortunate. I only posted on here for answers and this is far from a moan

and I agreed, absolutely. I am lucky that, at present, my employer is allowing all staff to work from home and paying my full salary.
Unfortunately, part of my job (it could be argued 40% or more) is supposed to be out visiting/meeting clients/potential clients and clearly that can't be done at present so how long they will stomach this lord knows, I do hope they don't look at furloughing me as I think I'd rather be made redundant frankly (especially as my contract gives me a large redundancy payment).
Good luck with the furlough or whatever you decide to do.
 

Just FYI the company has to want to furlough you & then you have to agree to be furloughed, naturally most people are happy to be furloughed but in circumstances like yours if you didn’t agree to it then the businesses remaining options are either keep paying you full wages or make you redundant.

discat11

gary83 said:

Just FYI the company has to want to furlough you & then you have to agree to be furloughed, naturally most people are happy to be furloughed but in circumstances like yours if you didn’t agree to it then the businesses remaining options are either keep paying you full wages or make you redundant.

Thanks Gary, that's good to know. It gives me a couple of options should the company contact me to reduce hours, since it won't be attractive to simply reduce hours and carry on working when I can effectively furlough for the same remuneration or take redundancy.