Home Lifestyle Martin Lewis explains the 12 furloughing need-to-knows for employees and small firms

Martin Lewis explains the 12 furloughing need-to-knows for employees and small firms

Martin Lewis explains the 12 furloughing need-to-knows for employees and small firms 1
  • If staff left after 28 Feb for redundancy or a new job, they can be rehired and furloughed
    Employees on the payroll on 28 Feb who were made redundant can be rehired to be furloughed, providing the reason they don’t have income now is an economic knock-on effect of coronavirus (eg their new employer retracted job offer/made them redundant).

The grant will come at the end of April, so firms may struggle with cash flow to cover salaries before the payment is made. If so, a discussion about not paying the salary in full until the payment arrives may help all parties – if it enables a firm to furlough rather than make redundant.

Martin Lewis is the Founder of MoneySavingExpert.com. To join the 13 million people who get his free Money Tips weekly email, go to www.moneysavingexpert.com/latesttip

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